Choose the correct answer following: 21. What are typical documents that are requested by a bank as part of a pre-qualification for a Line of Credit? a. Recipes. b. Balance Sheet, Income Statement, Pro forma Reporting c. Employee timesheets. d. None of the above. Answer: 22. Cookie Monster is thinking of purchasing the assets of Matilda Milk, Inc. The assets of Matilda Milk, Inc are $1,000,000 in equipment and $500,000 in intellectual property. If Cookie Monster were to buy the $500,000 in intellectual property that is owned by Matilda Milk, Inc., would he be depreciating or amortizing the intellectual property? a. Amortizing the intellectual property because it is a tangible asset. b. Amortizing the intellectual property because it is subject to depreciation. c. Amortizing the intellectual property because intangible assets are amortized. d. Writing off the full purchase price of the intellectual property in the year of acquisition. Answer: 23. Cookie Monster wants to merge his cookie manufacturing business with the milk business that is owned by Matilda Milk, Inc. Cookie Monster would like for you to explain the difference between buying the stock of Matilda Milk, Inc or buying the assets of Matilda Milk, Inc. Please explain the general differences between a stock acquisition or an asset acquisition