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Exercise A5-1 NegliMed has entered into an agreement with Data Busters. lnc. to acquire a portion of its operations. The e-mail memo reproduced on the next page is from
NegliMed’s CFO and contains details Of the transactions. Use this information t0 answer the following questions:
sequined: 1. Does FASB A80 305 apply to NegliMed's acquisition of net assets from
the MCCS division of Data Busters? What factors should you consider? 2. Assume that the acquisition is within the scope of FASB ASC 805. What
amounts would be recognized for the net assets acquired from MCCS? Tangible net assets
Customer list
Assembled workforce
Future synergies 3. Assume that the acquisition is not within the scope of FASB ASC 805. What amounts WDLild be recognized for the net assets acquired from
MCCS? Tangible net assets
Customer list
Assembled workforce
Future synergies

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