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Consolidation Working Paper, Identifiable Intangibles, Goodwill International Technology Inc. ( ITI ) acquires all of the voting stock of Global Outsourcing Corporation ( GOC )
Consolidation Working Paper, Identifiable Intangibles, Goodwill International Technology Inc. ITI acquires all of the voting stock of Global Outsourcing Corporation GOC on June Amounts paid are as follows in millions:
Cash consideration to the former shareholders of GOC $ shares of new $ par common stock issued Registration fees on new stock issued, paid in cash Outside legal and advisory services, paid in cash Fair value of earnings contingency.
The earnings contingency provides for a potential payout to the former shareholders of GOC at the end of the third year following acquisition. The balance sheets of both companiesimmediately prior to the acquisition are as follows. Fair values of GOC's assets and liabilities at the date of acquisition are also provided.
tableBalance Sheets in millionsITI,GOCBook Value,Book Value,Fair Valuetable$
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