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Mainline Produce Corporation acquired all the outstanding common stock of iceberg Lettuce Corporation for $39.000.000 in cash

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Goodwill = Purchase consideration + Fair value of current liabilities + fair value of long term liabilities - Fair value of current assets - Fair value of Property, plant and equipment - Fair value of other assets

= 39 + 9.2 + 13.8 - 17 - 34.2 - 5.8

= $5 million

Amount paid for goodwill = $5 million

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