Business, 07.10.2019 19:30, allieballey0727

Herbert, inc., acquired all of rambis company’s outstanding stock on january 1, 2017, for $601,000 in cash. annual excess amortization of $16,300 results from this transaction. on the date of the takeover, herbert reported retained earnings of $453,000, and rambis reported a $276,000 balance. herbert reported internal net income of $45,500 in 2017 and $61,400 in 2018 and declared $10,000 in dividends each year. rambis reported net income of $25,300 in 20

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Herbert, inc., acquired all of rambis company’s outstanding stock on january 1, 2017, for $601,000 i...