The case study is based on the financial transaction of Kellett Ltd. which is involved in the production of equipment of edge pollution control. The company has signed an agreement with Acme Pollution Control with the intension to sell the company, the details of the agreement include that Acme Pollution Control will pay $25 million to Kellett Ltd. Moreover, if the net income before taxes is determined on the basis International Financial Reporting Standards and if it is in excess of $5.35 million then additional $10 million will be paid by ...