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PLEASE SOLVE THIS QUESTION Assume Golden paid 20 million to purchase Southwest.com. Assume further that Southwest had the following summarized data at the time of

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Assume Golden paid 20 million to purchase Southwest.com. Assume further that Southwest had the following summarized data at the time of the Golden acquisition (amounts in millions). Southwest's long-term assets had a current market value of only 18 million. Requirements 1. Compute the cost of goodwill purchased by Golden. 2. Journalize Golden's purchase of Southwest

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