Calculate the amount paid for goodwill

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Reference no: EM131521190

Question: On March 31, 2012, Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $34,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows:

Required: Calculate the amount paid for goodwill.

Reference no: EM131521190

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