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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Allan F who wrote (1217)6/25/1998 1:42:00 PM
From: Alastair McIntosh  Read Replies (1) | Respond to of 4634
 
Allan, if accounting standards require that a company being purchased be carried at its book value, that could explain it. I would have thought that in the case of an arm's length transaction the entity could be carried at the purchase or (presumably) market value.

Any accountants care to comment?

Al