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Taste- T Company has been in business for 30 years and has developed a large group of loyal restaurant customers. Down Home Foods made an offer to buy Taste- T Company for $ 6,000,000. The market value of Taste- T's tangible assets, net of liabilities, on the date of the offer is $ 5,600,000. Taste- T also holds a patent for a fluting machine that the company invented (the patent with a market value of $ 200,000 amar-ketvalueof$200,000 was never recorded by Taste- T because it was developed internally). How much has Down Home Foods included for intangibles in its offer of $ 6,000,000? Assuming Taste- T accepts this offer, which company will report Goodwill on its balance sheet and at what amount?
explain what type of audit report give the group auditiors opinion on group financial statements is based partially on
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Prepare journal entries to record the facts in the case, assuming that Rossow considers the shares to be available- for- sale securities. Prepare journal entries to record the facts in the case, assuming that Rossow considers the shares to be trading..
Henry purchased the building on January 2, 2011 for $800,000. The building is to be depreciated using the straight-line method over a period of 40 years with no salvage value. Depreciation for year 1 is?
Stan and Ollie are partners who share income in the ratio of 2:3 and have capital balances of $50,000 and $30,000 respectively. Ray is admitted to the partnership and is given a 40% interest by investing $20,000. What is Stan's capital balance aft..
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Its taxable income in the first year is $300,000. It makes no distribution to its shareholders during that year of during the first 2.5 months of the 2nd year. The only adjustments to taxable income for purposes of the accumulated earnings tax if ..
three college professors at mit formed a business to speed transactions over the internet. they each put in an equal
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Generally, companies follow one of two broad strategies: offering a quality product at a low price, or offering a unique product or service priced higher than the competition. Assume you are opening a small food outlet across the street from your cam..
suppose you are a management consultant and a client asks you the advantages and disadvantages of using standard costs
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