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30 On 1/1/2019, W Co.issued 100,000 shares of its $10 par value common stock for the net assets of P co. in a business combination

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30 On 1/1/2019, W Co.issued 100,000 shares of its $10 par value common stock for the net assets of P co. in a business combination accounted for by the acquisition method. The market value of w CO common stock on 1/1 was $20 per share.W CO paid a fee of $80,000 to the consultant who arranged this acquisition.Costs of registering and issuing the equity securities amounted to $40,000.No goodwill was involved in the purchase. What amount should w co record the cost of acquiring P net assets? ut of Fuestion Select one: o a. 2,080,000 b. 2,040,000 c. 2,000,000 d. 2,120,000

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