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Crunchies, Inc, dominates the snack-food industry with its Salty Chip brand. Assume that Crunchies purchased Concord Snacks Company for $5.7 million cash. The makket valve

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Crunchies, Inc, dominates the snack-food industry with its Salty Chip brand. Assume that Crunchies purchased Concord Snacks Company for $5.7 million cash. The makket valve of Concocd Shack assets is $11 mition, and Concord $nacks has labilties with a tharket value of $7.0 mition. Read the tequirements 1. Compute the cost of the goodwill purchased by Crunchies. (Enter amounts in millions to the nearest tenth of a million a Requirements 1. Compute the cost of the goodwill purchased by Crunchies. 2. Explain how Crunchies will account for goodwill in future years

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