Re: PE of 7.6 to 7.8 Based on Earnings Estimates???
When I studied Accounting, there was something called "double-entry bookkeeping". If the MyoKardia purchase was made in cash (and expensed), that is the debited expense reflected on the income statement, along with crediting the cash asset. Still, the accountant should also be able to reflect (i.e. debit) the purchased asset's value on the balance sheet, and then start amortizing the goodwill, if any, associated with the premium paid above the other company's book value. JMHO.