Hunt Company is considering purchasing a competing company in order to expand its market share. Estimates of the excess of the value of the individual assets
less liabilities to be assumed range from $50000 to $60000 depending on the manner in which that excess is calculated. Hunt believes it can purchase the
competitor for a direct cash outlay of $700000 which is only $25000 more than the value of the individual assets less the liabilities that Hunt will
assume.
Assuming Hunt makes the purchase for $700000 at what amount should goodwill be recorded?
Goodwill _________???