Question
ABC Company acquired 100% of Installed Components by issuing 200,000 shares of its $2 par value stock. The market value of the stock is $20
ABC Company acquired 100% of Installed Components by issuing 200,000 shares of its $2 par value stock. The market value of the stock is $20 per share. ABC also paid $20,000 in consulting fees related to the acquisition.
ABC's journal entry to record the acquisition would include a credit to additional paid-in-capital of what amount?
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Planning And Budgeting For The Agile Enterprise A Driver-based Budgeting Toolkit
Authors: Barrett, Richard
1st Edition
0750683279, 9780750683272
