Business, 12.06.2020 19:57 austinmiller3030

At the date of acquisition, valuation of Better Bottlers' assets and liabilities revealed that its reported patents and trademarks (12-year life) had a fair value of $96 million and it had unrecognized brand names (18-year life) worth $5.4 million. Several years later, Better Bottlers' December 31, 2014 retained earnings balance is $15 million. For 2014, it reported net income of $1.5 million and paid $390,000 in dividends. For all answers below, enter the complete figures using all zeros. For example, $1 million should be entered as 1,000,000. (a) Prepare the 2014 entries to report the above information on Best Beverages' books.

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