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QUESTION
$813,280 [$760,000 + $76,800 -$11,520 -$12,000 = $813,280] What is Katies Investment account balance at the end of Year 1?
$813,280 [$760,000 + $76,800 -$11,520 -$12,000 = $813,280] What is Katies Investment account balance at the end of Year 1? $64,800 [$76,800-$12,000] How much would Katies income increase in Year 1 as a direct result of this investment? $200,000 [$760,000] vs. [($1,000,000 + $450,000 + $300,000) (32%)] Goodwill is the excess of $200,000 How much Goodwill, if any, is implicit in Katies Investment account?
