We are a privately held corporation and have acquired a couple of licenses that allow us exclusive right s to market and/or manufacture certain technologies. As a result we had a 3rd party evaluation done to determine corporate value of share price. My CEO wants to insert that license value onto the balance sheet, but i cannot see where there are any GAAP entries to do this. Is this valuation a footnote to the financials or is there a GL entry I can make to accomplish this that won't create a taxable situation?
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
