Question: please do the answer On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,700,000 in cash. The

please do the answer

please do the answer On March 31, 2018, Wolfson Corporation acquired all

On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,700,000 in cash. The book values and fair values of Barney's assets and liabilities were as follows: Book Value Fair Value Current assets $ 6, 700, 000 $ 8, 200,000 Property, plant, and equipment 11, 700, 090 14, 700, 090 Other assets 1, 070, 000 1, 570, 090 Current liabilities 4, 700, 000 4, 700, 090 Long-term liabilities 6, 700, 080 6, 200,090 Required: Calculate the amount paid for goodwill. Goodwill

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