CHAPTER 1

Book value acquired ($200,000 75%) 150,000 Goodwill $150,000 Solution P5-7. Preliminary computations. Investment cost $275,000 Less: Book value acquired ($250,000 90%) 225,000 Patents $ 50,000 Patents amortization $50,000/10 years = $5,000 per year. Upstream sales. Unrealized profit in December 31, 2006 inventory of Poly ................
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