Mergers & Acquisitions
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As the inventory is sold that was stepped up (and DTL created upon merger), DTL goes down. My understanding is that DTL is written down, cash goes down to pay taxes as the double entry accounting. Thus, I'd like to confirm that goodwill that was grossed up due to the DTL initially isn't touched.
And thus, goodwill isn't touched (amortized) unless impaired even though the inventory was sold that resulted in the portion of goodwill that was grossed up. Read More