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Company A acquired all of the outstanding common stock of Company B for $17,900,000 in cash. The book values and fair values of Company
Company A acquired all of the outstanding common stock of Company B for $17,900,000 in cash. The book values and fair values of Company B's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets. Current liabilities Long-term liabilities Required: Calculate the amount paid for goodwill. Goodwill Book Value Fair Value $ 6,900,000 $ 8,400,000 11,900,000 1,090,000 14,900,000 1,590,000 4,900,000 4,900,000 6,900,000 6,400,000
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