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It's not creative anything. The media credits

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Rawnoc Member Profile Rawnoc Member Level 
Tuesday, February 16, 2010 11:41:02 AM
Re: ashkelon post# 26612 Post # of 230993 
It's not creative anything. The media credits were listed as $10 million on the books of the company they acquired hence they are valued at $10 million on JBII's books. It's called negative goodwill when you acquire an illiquid asset in an acquisition at less than cost.

That said, eventually that $10 million will have to be recognized and written down as it is "used" up just like any other asset.


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