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Assume Haledan Company paid $17 million to acquire Bourne Industries. Assume further that Bourne had the following summarized data at the time of the Haledan

Assume Haledan Company paid $17 million to acquire Bourne Industries. Assume further that Bourne had the following summarized data at the time of the Haledan acquisition (amounts in millions): (Click the icon to view the data.) Bourne's current assets had a current market value of $17 million, long-term assets had a current market value of only $18 million, and liabilities had a market value of $29 million. Read the requirements. Requirements 1. Compute the cost of goodwill purchased by Haledan Company. 2. Journalize Haledan's purchase of Bourne Industries. 3. Explain how Haledan will account for goodwill. Etext pages Calculator Print Done - X ons.) Clear all Check answer L

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