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Exercise 7-6A Calculate the amount of goodwill (LO7-2) Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $35,000,000 in

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Exercise 7-6A Calculate the amount of goodwill (LO7-2) Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $35,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value Fair Value $13,000,000 $16,000,000 27,400,000 33,400,000 4,600,000 5,600,000 9,000,000 9,000,000 16,000,000 15,000,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 5,000,000 should be entered as 5).) Amount paid for goodwill million

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