Question
Woods Company has one depreciable asset valued at $800,000. Because of recent losses, the company has a net operating loss carry-forward of $150,000. The tax
Woods Company has one depreciable asset valued at $800,000. Because of recent losses, the company has a net operating loss carry-forward of $150,000. The tax rate is 30%. The company was acquired for $1,000,000. It is likely the benefit will be realized. Compute the goodwill realized in consolidation.
| A. | $0. |
| B. | $155,000. |
| C. | $200,000. |
| D. | $305,000. |
| E. | $350,000. |
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An Introduction To Statistical Sampling In Auditing
Authors: Dan M. Guy
1st Edition
0471042323, 978-0471042327
