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REQUIRED: Homework Chapter 7 Long Term Assets Help Save & E Submit 6 Mainline Produce Corporation acquired all the outstanding common stock of iceberg Lettuce
REQUIRED: Homework Chapter 7 Long Term Assets Help Save & E Submit 6 Mainline Produce Corporation acquired all the outstanding common stock of iceberg Lettuce Corporation for $33,000,000 in cash The book values and fair values of Iceberg's assets and liabilities were as follows: 14.16 Book Value Current assets Fair value $ 12,000,000 $ 35,000.00 Property, plant, and wipent 26,600,000 32,600.000 Other assets 4,408, eee 5,400,00 Current liabilities 8.800,000 3,500,00 Long term liabilities 16,200,00 15,200.00 Required: Calculate the amount paid for goodwill. (Enter your answer in millions le 5,000,000 should be entered as 5).) OOR Amount paid for goodwin milion 7
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