Remo Company acquires Albane Corporation on January 1,2009. As part ofthe agreement, the par ent states that
Question:
Remo Company acquires Albane Corporation on January 1,2009. As part ofthe agreement, the par¬ ent states that an additional $ 100,000 payment to the former owners ofAlbane could be required in 2010, depending on the outcome of specified conditions. If this payment is subsequently made, how will Remo account for the extra cost under SFAS141R1
LO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Advanced Accounting
ISBN: 9780073379456
9th Edition
Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle
Question Posted: