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Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng
النسخة 11الرقم المعياري الدولي: 978-0538480284Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng
النسخة 11الرقم المعياري الدولي: 978-0538480284 تمرين 32
Acquisition with goodwill. Smyth Company is acquired by Radar Corporation on July 1, 2011. Radar exchanges 60,000 shares of its $5 par stock, with a fair value of $20 per share, for the net assets of Smyth Company. Radar incurs the following costs as a result of this transaction:
Acquisition costs.............................. $25,000
Stock registration and issuance costs............... 10,000
Total costs................................. $35,000
The balance sheet of Smyth Company, on the day of the acquisition, is as follows:
Acquisition costs.............................. $25,000
Stock registration and issuance costs............... 10,000
Total costs................................. $35,000
The balance sheet of Smyth Company, on the day of the acquisition, is as follows:
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Calculate common stock value.
It is calc...
Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng
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