liabilities with a market value of $$3\mathrm{.}1$ million.

Read the requirements.

Requirement $1.$ Compute the cost of the goodwill purchased by PTL$.($Enter amounts in millions to the nearest tenth of a million as provided in the problem statement, X$.$X$.)$

Requirements

Compute the cost of the goodwill purchased by PTL$.$

Explain how PTL will account for goodwill in future years.

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