Question: March 3 1 , 2 0 1 3 , Wolfson Corporation acquired all of the outstanding ordinary shares of Barney Corporation for $ 1 7

March 31,2013, Wolfson Corporation acquired all of the outstanding ordinary shares of Barney Corporation for $17,000,000 in cash. The book values and fair values of Bamey's assets and liabilities were as follows:
\table[[,Book Value,Fair Value],[Current assets,$6,000,000,$7,500,000
March 31,2013, Wolfson Corporation acquired all of the outstanding ordinary shares

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