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Se 05 18 points Backstreets Co recently acquired all of Jungleland Inc.'s net assets in a business acquisition. The cash purchase price was $9.0

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Se 05 18 points Backstreets Co recently acquired all of Jungleland Inc.'s net assets in a business acquisition. The cash purchase price was $9.0 million. Jungleland's assets and liabilities had the following appraised values immediately prior to the acquisition land, $2.4 million buildings, $4.1 million: Inventory, $2.9 million long-term notes payable, for which Backstreets Co. assumes payment responsibilities, $2.2 million. Required: How much goodwill will result from this transaction? (Enter your answers in whole dollers.) eBook Goodwill H References

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