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5 Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $30,000,000 in cash. The book values and fair values of
5 Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $30,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows: 10 points Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $10,200,000 21, eee, 600 1,800,000 7,200,000 11,800,000 Fair Value $13,200,000 27,000,000 2,800,000 7,200,000 10,800,000 eBook Hint References Required: Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 5,000,000 should be entered as 5).) Amount paid for goodwill million
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