Question

In the past several years, CVS has made major acquisitions of Caremark Rx, Inc.; Longs Drug Stores; and Generation Health. Refer to the annual report of CVS in the Supplement to Chapter 1. Which account in CVS’s balance sheet would lead you to believe that CVS paid substantially more in total than the aggregate fair value of the net tangible and intangible assets of these companies? Explain your answer.



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  • CreatedSeptember 10, 2014
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