Required information Problem 19-57 (LO 19-4) (Algo) [The following information applies to the questions displayed below.] Amy and Brian were investigating the acquisition of a tax accounting business, Bottom Line Incorporated (BLI). As part of their discussions with the sole shareholder of the corporation, Ernesto Young, they examined the company's tax accounting balance sheet. The relevant information is summarized as follows: Adjusted Tax Basis $ 25,500 23,200 66,500 90,750 $ 205,950 Cash Receivables Building Land Total Payables Mortgage* Total FMV $ 25,500 23,200 133,000 272,250 $ 453,950 $ 23,000 150,000 $ 173,000 $ 23,000 150,000 $ 173,000 Appreciation 66,500 181,500 $ 248,000 *The mortgage is attached to the building and land. Ernesto was asking for $568,950 for the company. His tax basis in the BLI stock was $148,000. Included in the sales price was an unrecognized customer list valued at $196 000 The unallocated portion of the purchase price ($92 000) will be S 164

Required information Problem 19.57 (LO 19.4) (Algo) [The following information applies to the questions displayed below] Amy and Brian were investigating the acquisition of a tax accounting business, Bottom Line Incorporated (BLI). As part of their discussions with the sole shareholder of the corporation, Ernesto Young, they examined the company's tax accountino batance sheet. The relevant information is summarized as follows: - The mortgage is attached to the building and land. Ernesto was asking for $568,950 for the company. His tax basis in the BLi stock was $148,000, Included in the sales price was an unresonnized customer list valued at $196000 The unallocated nortion of the nurchase nrice 1$920001 will be Required information Problem 19.57 (LO 19.4) (Algo) [The following information applies to the questions displayed below] Amy and Brian were investigating the acquisition of a tax accounting business, Bottom Line Incorporated (BLI). As part of their discussions with the sole shareholder of the corporation, Ernesto Young, they examined the company's tax accountino batance sheet. The relevant information is summarized as follows: - The mortgage is attached to the building and land. Ernesto was asking for $568,950 for the company. His tax basis in the BLi stock was $148,000, Included in the sales price was an unresonnized customer list valued at $196000 The unallocated nortion of the nurchase nrice 1$920001 will be