Question: 2. What values should Armstrong assign to identifiable intangible assets as part of the acquisition accounting? Cash Accounts receivable Land Building Machinery Patents Research

2. What values should Armstrong assign to identifiable intangible assets as part of the acquisition accounting? Cash Accounts receivable Land Building Machinery Patents Research and development asset Accounts payable Total identifiable net asset fair value (ASC 805-20-30-1) $ 425,000 788,000 16,300,000 39,000,000 7,000,000

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