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by how muxh will flynns additional pain in captial increase as a result of this acquisition Fynn acquires 100 percent of the outstanding voting shares
by how muxh will flynns additional pain in captial increase as a result of this acquisition
Fynn acquires 100 percent of the outstanding voting shares of Macek Company on Januery 1202t To obtain these shares. Fynn pays $400 cain in thousands) and issues 10,000 shares of $20 por value common stock on this date. Fiynn's stock had a fair value of $36 per share an that date. Fynn also poys $15 (in thousands) to a local investment firm for arranging the acquistion. An additional $10 (n thousands) was paid by fynn in stock hsuance costs. The book values for both Fynn and Macek immediately preceding the acquistion follow. The fair value of each of fiynn and Macek accounts is also included in addition, Macek holds a filly amortized trademark that still retains a $40 (n thousands) value. The fgures below are hat thousands Any relyted question aiso is in thousands Step by Step Solution
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