• On 27 March 20X9, Burgundy sold one of its product lines in order to focus its business on the latest and more profitable lines (the “21st Century Duke” line, for example). The brand, the patent, and the know-how of the product line sold were not recognized within Burgundy’s financial statements, as they have all been created internally. Consequently, the sale of the product line resulted in a profit of 1 million.
• In February 20X9, Burgundy’s legal counsel informed us that Fiore did not appeal the judgment rendered by the Court of Rome.