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The book values and fair values of barneys assets and

1.On March 31, 2013, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,000,000 in cash. The book values and fair values of Barney's assets and liabilities were as follows:

Required:
Calculate the amount paid forgoodwill.

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Accounting Basics: The book values and fair values of barneys assets and

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Accounting Basics: The book values and fair values of barneys assets and

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