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On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney the book values and fair values of Barney's assets and
On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney the book values and fair values of Barney's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $ 6,300,000 11, 300,000 1,030,000 4,300,000 6,300,000 Fair Value $ 7,800,000 14,300,000 1,530,000 4,300,000 5,800,000 Required: Calculate the amount paid for goodwill. Goodwill ding common stock of Barney Corporation for $17,300,000 in cas ere as follows: Bir Value 2,800,000 4,300,000 4,300,000 5,300,000 xercise 10-6 (Algo) Goodwill [LO10-1] on March 31, 2021, Wolfson Corporation acquired all of the outstanding commor he book values and fair values of Barney's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $ 6,300,000 11,300,000 1,030,000 4,300,000 6,300,000 Fair Value $ 7,300,000 14,300,000 1,530,000 4,300,000 5,800,000 Required: Calculate the amount paid for goodwill
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