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Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $41,000,000 in cash. The book values and fair values of Iceberg's
Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $41,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows: Bock Value Fair Value Current assets Property, plant, and equipment Other assets Current liabilities 26,400,000 2,600,000 7,000,000 12,000,000 11,000,000 S 14,000,000 32,400,000 3,600,000 7,000,000 11,000,000 Long-term lies Required: Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 5,000,000 should be entered as 5).) nt paid for goodwill
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