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Posted on Jul 25, 2024

Ernesto was asking for $ 5 1 8 , 3 5 0 for the company. His tax basis in the BLI stock was $ 1

Ernesto was asking for $

518, 350

for the company. His tax basis in the BLI stock was $

122, 000 .

Included in the sales price was an unrecognized customer list valued at $

162, 000 .

The unallocated portion of the purchase price

(

83, 250)

will be recorded as goodwill.

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