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Business, 14.11.2019 01:31 Santos7446

Allister acquired 90 percent of barone in january 2017. in allocating the newly acquired subsidiary's fair value at the acquisition date, allister noted that barone had developed a customer list worth $62,000 that was unrecorded on its accounting records and had a 4-year remaining life. any remaining excess fair value over barone's book value was attributed to goodwill. during 2018, barone sells inventory costing $133,000 to allister for $186,000. of this amount, 10 percent remains unsold in allister's warehouse at year-end.

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Allister acquired 90 percent of barone in january 2017. in allocating the newly acquired subsidiary'...
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