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Acc/291 Week 4 Assignment

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How is everything going this week? Are your kids still sick? How has the business been doing recently?

Thank you for you reaching out about the offer that you received for your business. I understand that you have some worries about whether or not correct accounting was done to get you to the financial statements, since the offer was considerably higher than the net carrying value of the assets that your business owns. There are no misrepresentations within your financial statements. The difference from the offer and the books could be caused by multiple different situations.

First, the offer could have been high due to the offeror calculating goodwill that you have earned in your community. Goodwill is an intangible asset that is used …show more content…
Your business has been thriving for the past couple of years and with that, the offeror might want to take advantage of that success to earn income. This would cause the offeror to pay more to persuade you to accept that offer and allow them to earn the additional income.

Finally, the difference could be attributable to the difference between book value and market value. The books are kept at book value and because of that, they do not change for rising prices. Inflation and changes of raw materials can change the price of assets in an amount not reflected in the books. While this option would be the more difficult to get to the $1,000,000 difference that the offeror is offering, it is still a viable reason.

I believe that it is most likely a combination of all three of these reasons. The way that you run your business is excellent, and it will bring in future revenues along with goodwill within your community. Rising prices due to inflation and costs of the assets that you hold also contribute to this difference. There is no need to worry about the difference from the offer and the books. If anything, you should be excited that your business is thriving in the way that attracts offers like this one and look forward to the years to

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