Author Co. issues 500,000 shares of $5 par value common stock to acquire Roundtable Co. in...
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Author Co. issues 500,000 shares of $5 par value common stock to acquire Roundtable Co. in a business combination. The market value of Author's common stock is $15. Legal and consulting fees incurred in relationship to the combination are $310,000. Direct registration and issuance costs for the common stock are $175,000. What should be recorded in Author's additional paid-in capital (APIC) for this business combination? $4,515,000 $4,825,000 $5,175,000 $5,000,000 Author Co. issues 500,000 shares of $5 par value common stock to acquire Roundtable Co. in a business combination. The market value of Author's common stock is $15. Legal and consulting fees incurred in relationship to the combination are $310,000. Direct registration and issuance costs for the common stock are $175,000. What should be recorded in Author's additional paid-in capital (APIC) for this business combination? $4,515,000 $4,825,000 $5,175,000 $5,000,000
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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