Discussion:Corporation Acquisition Through 100% Stock Purchase

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Discussion Forum Index --> Accounting Questions --> Corporation Acquisition Through 100% Stock Purchase

PinkCPA (talk|edits) said:

28 April 2008
The purchased corporation has purchased goodwill and other intangible assets on its balance sheet at date of closing. Do these stay on the corporation's balance sheet after closing?

Also, am I correct when keeping all other fixed assets on the post-closing balance sheet at the purchased corporation's basis?

Thanks, Shelley

RoyDaleOne (talk|edits) said:

29 April 2008
Are you asking for GAAP or tax?

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