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Sorry if something like this has been asked before but I'm getting conflicting information regarding whether or not a service based, audio video company needs t...
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Mind if I ask another question?Going back to my example, let's say the sales contract is for $200K, $25K is for the assets and $150K for goodwill. The seller re...
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I think I figured it out. Thank you everyone for your help!
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I was thinking that the recapture gets spread out as future payments are received.So, regardless of cash or accrual, let's say you sell an asset for $25K. You p...
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That's basically correct. The sale includes the purchase of assets, inventory, and goodwill. A majority of it is goodwill which I don't think cash or accrual ma...
