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Company A acquired all the outstanding common stock of Company B for $46,000,000 in cash. The book values and fair values of Company B assets and liabilities were as follows:
Book Value Fair Value
Current assets $ 17,000,000 $ 20,000,000
Property, plant, and equipment 31,600,000 37,600,000
Other assets 5,400,000 6,400,000
Current liabilities 9,800,000 9,800,000
Long-term liabilities 17,200,000 16,200,000
Required:
Calculate the amount paid for goodwill.
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Company A acquired all the outstanding common stock of Company B for $46,000,000 in cash. The book v...
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