$1$odule $2/$Chapter $7$b

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$1$ Exercise $7-6($Algo$)$ Calculate the amount of goodwill $($LO$7-2)$

Mainline Produce Corpor$$tion acquired all the outstanding common stock of Iceberg Lettuce Corporation for $$39,000,000$ in cash. The book values and fair values of Iceberg's assets and liabilities were as follows:

$2$

$\backslash$table$[[,$Book Value,Fair Value$],[$Current assets,$$14,000,000,$$$17,000,000$