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Replies to post #19591 on Intelligent Living Inc. (fka ILIV)

Replies to #19591 on Intelligent Living Inc. (fka ILIV)
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specutator

08/15/11 11:35 AM

#19594 RE: hunterj20 #19591

Goodwill would be any amount paid over the actual assets or net worth of the acquired company.

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BeachBum

08/15/11 11:36 AM

#19595 RE: hunterj20 #19591

The balance due to Jim Light has been posted to Goodwill. Proline has purchase price value (asset) therefore the 1.2 mil is not what you would consider debt owed for services performed.