Hoyt Corporation agreed to the following terms in order to acquire the net assets of Brown Company on January 1, 2011 (1 ) To issue 400 shares of common stock ($10 par) with a fair value of $45 per share (2 ) To assume Brown 's liabilities which have a fair value of $1,500 On the date of acquisitio...

Calculate consideration transferred for Hoyts acquisiti ...

Hoyt Corporation agreed to the following terms in order to acquire the net assets of Brown Company

Question:

Hoyt agreed to the following terms in order to acquire the net assets of Brown Company on January 1, 2011:
(1.) To issue 400 shares of ($10 par) with a fair value of $45 per share.
(2.) To assume Brown's liabilities which have a fair value of $1,500.On the date of acquisition, the consideration transferred for Hoyt's acquisition of Brown would be?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...