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REFERENCE: Ref.03_01
On January 1,2009,Cale Corp.paid $1,020,000 to acquire Kaltop Co.Kaltop maintained separate incorporation.Cale used the equity method to account for the investment.The following information is available for Kaltop's assets,liabilities,and stockholders' equity accounts:
SHAPE \* MERGEFORMAT
Kaltop earned net income for 2009 of $126,000 and paid dividends of $48,000 during the year.
-The 2009 total amortization of allocations is calculated to be
Brand Names
The distinctive names given to products or services by businesses to identify and differentiate them from competitors.
Elastic Demand
A situation where the quantity demanded of a good or service significantly changes in response to a change in its price.
Generic Products
Products that are not branded and are sold without any proprietary name or trademark.
"Staying" Power
refers to the endurance or capacity of an entity, such as a company or product, to remain relevant or competitive over a long period.
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