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Business, 19.11.2019 05:31 bfell92

Taste-t company has been in business for 30 years and has developed a large group of loyal restaurant customers. down home foods made an offer to buy taste-t company for $7,500,000. the market value of taste-t’s tangible assets, net of liabilities, on the date of the offer is $6,350,000. taste-t also holds a patent for a fluting machine that the company invented (the patent with a market value of $575,000 was never recorded by taste-t because it was developed internally). required: a. how much has down home foods included for intangibles in its offer of $7,500,000? b. assuming taste-t accepts this offer, which company will report goodwill on its balance sheet and at what amount?

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