CASE # 4 ASSIGNMENT: PRO FORMA
You are a professional accountant who has been employed to offer advice to a small start up
biotech company with the following details given by the client in the first meeting.
The pre-IPO company called NewBio Corporation (
Eye Vision Case #1
1. Is Eye Visions arrangement with Holland Hospital within the scope of ASC 985-605,
Software: Revenue Recognition?
Short Answer: The arrangement between Eye Visions and Holland Hospital is not within the
scope of ASC 985-605.
Morse, Jarnagan, and Strener
Certified Public Accountants
301 MacDonald Place
Atlanta, Georgia 36095
April 7, 2014
Family Finance Co.
Grace Lau, Chairman
226 Second Street
Cameron, South Carolina 95128
RE: Determination of Fair Value Hierarchy Memo
February 12th, 2014
FROM: Diana Strener
SUBJECT: PURCHASING ROCK CREEK NURSERIES
This memo is in response to your questions concerning the purchase of Rock Creek Nurseries.
The memo is intended to explain goodwill, the determi