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Roland and bbrown - I stand corrected, nevertheless- won't the acquire be the identical and will not likely The brand new CPA want the for every asset/for every Be aware payable details? Sorry with the confusion and happy you and Jon are featuring remarks on this thread. Remark
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Alright, so it looks like a obtain really should be regarded. Now, one additional question. The Businesses transferring all in their belongings and liabilities were about the cash basis of accounting.
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In concept, I would just figure all liabilities in surplus of all belongings and There is certainly the obtain. Having said that, are accounts receivable and accounts payable managed in a different way? "The hardest factor on this planet to understand would be the profits tax" - Albert Einstein
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