Question

Atlanta Inc. acquired a 100% interest in Paisley Limited on October 1, 2013. The price paid on October 1, 2013, was $947,695. In addition, they also paid $127,000 of legal fees and $142,679 of other consulting fees. Atlanta Inc. has also promised to pay an additional $150,000 if net income of Paisley Limited in the year after acquisition exceeds $500,000. The net income of Paisley Limited has historically been under $250,000.
What would be the total acquisition price in this scenario?


$1.99
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  • CreatedJune 09, 2015
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