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1 On JuneCine Co. paid 51003.000 cash for all of the issued and outstanding common stock of Renn Corp The carrying amounts for Renn's assets
1 On JuneCine Co. paid 51003.000 cash for all of the issued and outstanding common stock of Renn Corp The carrying amounts for Renn's assets and babieties on June 1 follow 25 DOM Cash Accounts receivable Capitalized software costs Goodwill Liabilities Het assets $ 203,000 271,000 406,000 122,000 (181,000) $ 821,000 On June 1, Renn's accounts receivable had a fair value of $197.000. Additionally, Renn's in-process research and development was estimated to have a fair value of $225.000. All other items were stated at their fair values. On Clines June 1 consolidated balance sheet, how much reported for goodwill
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
