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8. Peach Company paid $250,000 in cash and issued 80,000 ordinary shares of $10 par value on January 1, X5, at a price per share
8. Peach Company paid $250,000 in cash and issued 80,000 ordinary shares of $10 par value on January 1, X5, at a price per share $15, and issue a three-year note with a coupon rate of 4% (equivalent to effective interest rate) for $550,000 to acquire 100% of the Peach Company right. Based on the integration of the combined business, Taode Company intends to terminate a certain department of Taosi Company, and the cost of closing the relevant department is estimated to be $72,000. In this merger, the transfer consideration of Taode Company is:
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