Question
Big Bad Wolf just purchased a new sheep and mutton processing firm from Bo Peep LLC. Inc. on February 1, 2021 Here are the relevant
Big Bad Wolf just purchased a new sheep and mutton processing firm from Bo Peep LLC. Inc. on February 1, 2021
Here are the relevant facts for this purchase.
At the sale date, Bo Peep had the Physical PP&E recorded at $3,210,987. Patents were on the books at $350,000, physical operating liabilities were $1,200,000 and Financial Liabilities were on the books for 1,500,000.
Big Bad Wolf revalued PPE as $4,312,908 and patents were valued at $225,000.
Operating Liabilities remained at $1,200,000 and financial Liabilities were revalued as $1,900,000. Big Bad Wolf recognized $857,902 goodwill for the purchased of the company from Bo Peep.
How much did Big Bad Wolf pay for the company (Purchase price)?
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