E 10-6 Goodwill LO10-1 On March 31,2024, Wolfson Corporation acquired all of the...

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Accounting

E 10-6 Goodwill LO10-1
On March 31,2024, 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:
\table[[,Book Value,Fair Value],[Current assets,$6,000,000,$7,500,000
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