Goodday & Sons is being acquired by Baker, Inc. for $19,000 worth of Baker stock. Baker has 1,500 shares of stock outstanding at a price of $25 a share. Goodday has 1,000 shares outstanding with a
Market value of $16 a share. The incremental value of the acquisition is $2,000. How many new
Shares of stock will be issued to complete this acquisition?
A) 760.0 shares
B) 840.0 shares
C) 960.0 shares
D) 1,187.5 shares
E) 1,312.5 shares

Question

Quizplus · Accepted Answer

The Answer of Goodday & Sons is being acquired by Baker, Inc. for $19,000 worth of Baker stock. Baker has 1,500 shares of stock outstanding at a price of $25 a share. Goodday has 1,000 shares outstanding with a
Market value of $16 a share. The incremental value of the acquisition is $2,000. How many new
Shares of stock will be issued to complete this acquisition?
A) 760.0 shares
B) 840.0 shares
C) 960.0 shares
D) 1,187.5 shares
E) 1,312.5 shares

Goodday & Sons Is Being Acquired by Baker, Inc