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Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $30,000,000...

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Accounting

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Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $30,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows: 4 4.16 Book Value Fair Value Current assets $ 10,200,000 $ 13,200,000 Property, plant, and equipment 21,000,000 27,000,000 Other assets 1.800,000 2.800.000 Current liabilities 7,200,000 7.200.000 Long-term liabilities 11,800,000 10,800,000 Book References Required: Calculate the amount paid for goodwill. (Enter your answer in millions (ie, 5,000,000 should be entered as 5).) Amount paid for goodwill milion

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