On March 10, PT Pratama Tbk issued 1,000,000 of its common shares with a par value of

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On March 10, PT Pratama Tbk issued 1,000,000 of its common shares with a par value of $20 to acquire PT Sumber Tbk. The fair value of the stock at the time was $40 per share. PT Pratama Tbk incurred costs of $200,000 for registering and issuing the securities, $50,000 for printing the shares, $100,000 in accountants for the business combination,

$20,000 for delivering the securities, and $30,000 for transferring the assets of PT Sumber Tbk.

REQuIRED: Calculate the additional paid-in capital that should be recorded by PT Pratama Tbk from the transaction.

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Advanced Accounting

ISBN: 9781292214597

13th Global Edition

Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith

Question Posted: Jul 20, 2024 12:01 AM

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On March 10, PT Pratama Tbk issued 1,000,000 of its common shares with a par value of

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Advanced Accounting

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