Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Editorial Hibueras, S. A. de C. V, is a Honduran company, founded in 2016 with headquarters in the city of San Pedro Sula. Editorial Hibueras
Editorial Hibueras, S. A. de C. V, is a Honduran company, founded in 2016 with headquarters in the city of San Pedro Sula. Editorial Hibueras is a company dedicated to the printing of literature (e.g. novels, stories and poetry), educational literature and monthly publications. Its income consists of obtaining copyrights for the printing of books and academic material, as well as the production of its own content for monthly publications. It began printing on October 1, 2016. The company, in order to publish its first books, has purchased the printing and marketing rights from the heirs of Ramón Amaya Amador, for a total sum of L. 10,000,000. The books are "Prisin Verde", "Los brujos de Ilamatepeque", "Cipotes" and "Con la misma Herradura". These printing rights will last for 5 years, subject to two renewals for the same period each, starting on September 30, 2016. Negotiation closing, legal and other costs were incurred in the amount of L. 75,000, for each book. On the date of the transaction, it is expected that the heirs will collect, in the future, an amount of L.150,000 in each renewal for each
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Acquisition and Initial Cost Calculation Purchase of Printing and Marketing Rights Editorial Hibueras S A de C V acquired the printing and marketing rights for four books authored by Ramn Amaya Amador ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started