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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.

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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 lceberg's assets and liabilities were as follows: Required: Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 5,000,000 should be entered as 5).)

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