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Fresh Tomato Company purchased all the outstanding common stock of Fincel Corn Company for $36,000,000...

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Accounting

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Fresh Tomato Company purchased all the outstanding common stock of Fincel Corn Company for $36,000,000 in cash. Following are the book values and fair values of Fincel's assets and liabilities: Book Value Fair Value Current assets $12,400,000 $15,400,000 Property, plant, and equipment 23,600,000 29,600,000 Other assets 4,000,000 5,000,000 Current liabilities 8,400,000 8,400,000 Long-tern Liabilities 14,600,000 13,600,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions (.e. 5,000,000 should be entered as 5).) Amount paid for goodwill million

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