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On January 1, 2011, Charlie Corporation acquired all of the net assets of Rocky Corporation for $2,000,000. The following intangible assets are included in the purchase agreement:
Goodwill and going concern value $105,000
Licenses 45,000
Patents 60,000
Covenant not to compete for five years 120,000
What is the total amount of amortization allowed in 2011?
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costs of goods manufactured. the following data pertains to toledo toy company. purchases of direct materials 342000
What is the amount of owners equity at the end of the year - What is the amount of total assets at the end of the year?
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In 2013 Lake also repossessed $200,000 of jet skis that were sold in 2011. Those jet skis had a fair value of $75,000 at the time they were repossessed.In 2010, Lake would recognize realized gross profit of:
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In 2003, Roland, who is single, purchased a personal residence for $340,000 and took out a mortgage of $200,000 on the property. In May of the current year, when the residence had a fair market value of $440,000 and Roland owed $140,000 on the mor..
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