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Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $11 , 720 , 000 in cash. The book value of Smith's

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Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $11 , 720 , 000 in cash. The book value of Smith's net assets (assets minus liabilities) was $8 , 400.000 . The fair values of all of Smith's assets and liabilities were equal to their book values with the following exceptions: Required: Calculate the amount paid for goodinil

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