E7-49B (similar to) E Question Help Assume Caledon Company paid $10 million to acquire Blondon Industries Assume further that Bondon had the following summarized data at the time of the Caledon acquisition amounts in millions) Cack the con lo view the data) Bondon's current assets had a current market value of $9 million long term assets had a current market value of only 522 milion, and liabilities had a market value of $20 million Read the monts Requirement 1. Compute the cost of goodwill purchased by Caledon Company (Enter amounts in millions Cost of goodwill purchased: Cost of goodwill Choose from any list or enter any number in the input fields and then click Check Answer 2 parts Clear All Check Answer remaining hp Bondd Road X 0 Data Table urrent market value of only $22 milion, and liabiles had a market value of $20 million Requirements Requil Bondon Industries Assets Current assos $ Liables and Equity 9 Total labios $ 20 Stockholders' equity 29 1. Compute the cost of goodwill purchased by Caledon Company 2. Joumalze Caldon's purchase of Bondon Industries 3. Explain how Caledon will account for goodwill Long-term assets Print Done Cost Print Done ] Choos 2 parts Clear All Check Answer ote a 9