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10 Exercise 7-6A Calculate the amount of goodwill (LO7-2) 5 points Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for
10 Exercise 7-6A Calculate the amount of goodwill (LO7-2) 5 points Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $28,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows: eBook Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value Fair Value $11,200,000 $14,200,000 27,000,000 33,000,000 2,800,000 3,800,000 7,200,000 7,200,000 18,800,000 17,800,000 Hint Print Required: Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 5,000,000 should be entered as 5).) Reference Amount paid for goodwill million
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