Question
AYAW corporation issued 100,000 shares of 20 for common stock for all the outstanding sharesof Subsidiary corporation in a business combination consummated as of July
AYAW corporation issued 100,000 shares of 20 for common stock for all the outstanding sharesof Subsidiary corporation in a business combination consummated as of July 2019. AYAWcorporation common stock was selling at 30 per share at the time of combination. Out of pocket expenses are as follows:
Finder's Fee 50,000
Account's Fee (Advisory) 10,000
Legal Fees (Advisory) 20,000
Printing costs 5,000
SEC registration costs and fees 12,000
Determine the following:
1. Fair value of consideration transferred
2. Cost to issue and register
3. Share premium adjusted
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