Mainilne Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $44,000,000...
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Mainilne Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $44,000,000 in cash. The book values and fair values of iceberg's assets and abilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long term liabilities Book Value $16,000,000 30,300,000 5,200,000 9.600.000 16,400,000 Fair Value $19,000,000 36,800,000 6,200,000 9,600,000 15,400,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millons (l.e. 5,000,000 should be entered as 5).) Nount paid for goodwill million
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