Part $1$ of $3$

Points: $0$ of $1$

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Read the requirements.

Requirement $1.$ Compute the cost of goodwill purchased by Raltron Company. $($Enter amounts in millid

Data table

Cost of goodwill purchased:

Milfions

Less:

Cost of goodwill

$\backslash$table$[[$BonJoy Industries$],[$Assets$,$Liabilities and Equity$],[$Current assets,$$,17,$Total liabilities,$$,28],[$Long$-$term assets,,$19$ Stockholders' equity,,$8],[,$$$,36]]$

Requirements

Compute the cost of goodwill purchased by Raltron Company.

Journalize Raltron's purchase of BonJoy Industries.

Explain how Raltron will account for goodwill.