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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: valuehunter who wrote (16135)5/5/1999 9:02:00 PM
From: Colin Cody  Read Replies (1) of 19331
 
As an accountant, with no inside knowledge of the DCI specifics, by going with the Purchase method THEN we recognize the goodwill.

Goodwill is the excess of the COST PAID "purchased" for the acquisition which is over and above the NET BOOK VALUE as per the balance sheet of the company acquired.

I am very rusty on pooling but perhaps when you pool MID-YEAR you get to keep the pre-merger sales as part of your own, whereas with a purchase I believe you start sales over again at zero for the new subsidiary. I THINK it might be something like that. If that's the case maybe we'll see a $2,000,000 adjustment downward in sales. BIG DEAL!!!

Of course the pooling method IS ALLOWABLE and we have CPAs who review it all and certify if it is correct or not, once each year.

Colin
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