PR recognizes previously unrecorded intangibles of a. ($1,000) b . ($5,000) c. ($13,000) d. ($15,000) PR
Question:
PR recognizes previously unrecorded intangibles of
a. \($1,000\)
b . \($5,000\)
c. \($13,000\)
d. \($15,000\)
PR Company pays \($10,000\) in cash and issues no-par stock with a fair value of \($40,000\) to acquire all of SX Corporation’s net assets. SX’s balance sheet at the date of acquisition is as follows:
PR’s consultants find these items that are not reported on SX’s balance sheet:
Outside consultants are paid \($200\) in cash, and registration fees to issue PR’s new stock are \($400.\)
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