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5 10.00 points Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $38,000,000 in cash. The book values and fair
5 10.00 points Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $38,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows: Book Value Fair Value Current assets Property, plant, and equipment Othe Current liabilities Long-term liabilities $11,800,000 $14,800,000 24,000,000 30,000,000 3,200,000 6,600,000 10,400,000 2,200,000 6,600,000 11,400,000 r assets Required: Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 5,000,000 should be entered as 5).) t paid for goodwill million
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