Question
In February 2014, Arctic Cat, Inc., acquired the assets and liabilities of MotorFist, LLC, a privately owned company based in Idaho Falls, Idaho, in exchange
In February 2014, Arctic Cat, Inc., acquired the assets and liabilities of MotorFist, LLC, a privately owned company based in Idaho Falls, Idaho, in exchange for $8.117 million in cash and contingent consideration. Referring to Arctic Cats 2014 annual 10-K report, answer the following questions regarding the MotorFist acquisition.
Provide a schedule showing Arctic Cats allocations of the consideration transferred to the identifiable assets acquired and liabilities assumed with the remainder going to goodwill.
*Financial statements can be found on sec website*
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