nc., dominates the snack food Industry with its Saly Chi brand.Assume that Tasty Snacks, Inc.,purchased Red River Chips, Inc. for $5.5 million value of $5.0 million. cash. The market value of Red River Chips assets is $10 million, and Red River Chips has liabilities with a market Requirements 2. Explain how Tasty Snacks will account for goodwill in future years. Requirement 1. Compute the cost of the goodwill purchased by Tasty Snacks. (Enter amounts in millions to the nearest tenth of a milion as provided in the problem ?.?.) Less