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Routing Solutions Paid $233,000 to Acquire Tabletz Company,an Electronic Gadget-Advertising

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Routing Solutions paid $233,000 to acquire Tabletz Company,an electronic gadget-advertising website.At the time of the acquisition,Tabletz's balance sheet reported total assets of $233,000 and liabilities of $116,500.The fair market value of Tabletz's assets was $233,000.The fair market value of its liabilities was $116,500.How much goodwill did Routing Solutions purchase as part of the acquisition of Tabletz?

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Definitions:

Product Placement

A marketing strategy where branded goods or services are placed in a context usually devoid of ads, such as movies, TV shows, or news programs, for promotional purposes.

Nonpersonal

Refers to communication or interaction that does not directly involve interpersonal contact, typically seen in various forms of advertising and promotion.

Sales Promotion

Short-term incentives to encourage the purchase or sale of a product or service.

Database Marketing

A form of direct marketing using databases of customers or potential customers to generate personalized communications to promote a product or service.

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