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You, CPA, work as a consultant on various engagements. Your client, Over The Edge Ltd. (OTE), has grown from a small custom snowboard manufacturer based
You, CPA, work as a consultant on various engagements. Your client, Over The Edge Ltd. (OTE), has grown from a small custom snowboard manufacturer based in Whistler, British Columbia, servicing the local market, to a national success. Recently, OTE's snowboards were used by a gold medallist in the Winter Olympics! Triduu el 103 A It's Monday morning, and you are meeting with the company's owner and sole shareholder, Wutang Phung. Also in attendance is Misty Pan, OTE's VP of finance. Wutang tells you: Fun Consolidators Inc. (FCI), a public company and the largest competitor in the industry, has expressed an interest in acquiring OTE. It has made three similar acquisitions in the past two years - two of the companies acquired were closed and manufacturing was moved to the United States. The other is operated consistent with pre-acquisition. NEPARENTE DI hadn't been thinking about selling the company, but things have progressed very Ciquickly with FCI. I'm getting older and I have worked hard for a long time bui
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