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Exercise 10-6 (Algo) Goodwill [LO10-1) On March 31, 2021. Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $19.000,000 in cash

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Exercise 10-6 (Algo) Goodwill [LO10-1) On March 31, 2021. Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $19.000,000 in cash The book values and fair values of Barey's assets and liabilities were as follows: Book Value Fair Value Current assets 58,000,000 $ 9,500,000 Property, plant, and equipment 13,000,000 16,000,000 Other assets 1,2019,800 1,700,00 Current liabilities 5,000,000 6.000.000 Long-term abilities 8,000,000 7.500,000 Required: Calculate the amount paid for goodwill

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