Biden acquired 100% of Cain on January 1, 2016 for $2,884,000. The book value of the net assets of Cain on the acquisition date was $1,617,000. Differences between the fair value of identifiable net assets and the book value were determined to total $60,000. Biden follows a practice of amortizing its intangible assets over 15 years. Assume there has been no impairment of goodwill since the acquisition. What amount of Goodwill should Biden recognize on its consolidated financial statements as of 12/31/2020

Clara client has just been presented with a standard representation agreement by the law firm of yatz & berger. clara's first language is german. although she speaks and reads everyday english quite well, the legal terms in the contract confuse her. yatz & berger should question 90 options: have someone in the firm, if possible, or a translator from outside of the firm, explain the terms of the contract thoroughly until clara has a full and complete understanding of its terms. advise clara to take the contract home and study it before signing it. have a paralegal explain the most important clauses in the contract to clara in smaller, plain english words. advise clara to sign the contract and take her copy home for study.