Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for 32...
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Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for 32 000 000 in cash The book values and fair values of Iceberg s assets and liabilities were as follows Current assets Property plant and equipment Other assets Current liabilities Long term liabilities Required Galculato Book Value 12 600 000 25 200 000 4 200 000 8 000 000 15 000 000 Fair Value 15 600 000 31 200 000 5 200 000 8 000 000 14 000 000
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