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Exercise 10-6 Goodwill [LO10-1) On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,900,000 in cash The

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Exercise 10-6 Goodwill [LO10-1) On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,900,000 in cash The book values and fair values of Barney's assets and liabilities were as follows: Current assets Property, plant, and equipment Other sta Current liabilities Long-term liabilities Book Value $6,900,000 11,900,000 1,090,000 4,900,000 6, 900,000 Fair Value $8,400,000 11,900,000 1.590,000 1.900.000 5,400,000 Required: Calculate the amount paid for goodwill Goodwil

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