Question: On March 3 1 , 2 0 2 4 , Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $ 1

On March 31,2024, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,600,000 in cash. The book values and fair values of Barney's assets and liabilities were as follows:
\table[[Current assets,Book Value,Fair Value],[Property, plant, and equipment,$7,600,000,$9,100,000
On March 31,2024, Wolfson Corporation acquired all of the outstanding common

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