Question: Book Value Fair Value Current assets $ 1 1 , 4 0 0 , 0 0 0 $ 1 4 , 4 0 0 ,

Book Value Fair Value
Current assets $ 11,400,000 $ 14,400,000
Property, plant, and equipment 20,200,00026,200,000
Other assets 3,400,0004,400,000
Current liabilities 7,800,0007,800,000
Long-term liabilities 13,200,00012,200,000
Required:
Calculate the amount paid for goodwill.
Determine the financial statement effects of the acquisition.

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