Question: Ernesto was asking for $ 5 1 8 , 3 5 0 for the company. His tax basis in the BLI stock was $ 1

Ernesto was asking for $518,350 for the company. His tax basis in the BLI stock was $122,000. Included in the sales price was an unrecognized customer list valued at $162,000. The unallocated portion of the purchase price ($83,250) will be recorded as goodwill.

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