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Janzen Corporation acquired all of the outstanding common stock of Steinbeck Corporation for $11,220,000 in cash. The book values and fair values of Steinbeck's assets

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Janzen Corporation acquired all of the outstanding common stock of Steinbeck Corporation for $11,220,000 in cash. The book values and fair values of Steinbeck's assets and liabilities were the following: Required: 1. Calculate the amount paid for goodwill. 2. Record the acquisition of Steinbeck Corporation. Complete this question by entering your answers in the tabs below. Calculate the amount paid for goodwill. Record the acquisition of Steinbeck Corporation. Journal entry worksheet To record the acquisition of Steinbeck Corporation. Note: Enter debits before credits

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