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Intermediate Accounting

  • From Business, General Business
  • Due on 04 Dec, 2018 11:57:00
  • Asked On 19 Sep, 2018 11:01:06
  • Due date has already passed, but you can still post solutions.
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The scheduling manager tells me you have some time available. We have recently been advised that management of Back-I-Up Corporation (BIUC) has received an offer from Ventura Capital partners to sell 100% of all issued an outstanding common shares. I have a meeting with management in two weeks regarding this issue, and I havent had much time to think about this engagement.

I have prepared some background informationon the company for you to review, including background information on the client (Exhibit 1), the company's most recent internal financial statements (Exhibit11), and the proposed share purchase agreement (Exhibit 111). I have also met with BIUC management earlier this month and made some notes from that meeting (Exhibit 1V). they should all be in your inbox by now.

Can you please prepare a report that I can use for the upcoming meeting?

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