Consolidation Eliminating Entries, Date of Acquisition: U.S. GAAP and IFRS Plummer Corporation acquired 90 percent of Softek Technologies' voting stock by issuing 250,000 shares of $1 par common stock with a fair value of $125,000,000. In addition, Plummer paid $2,500,000 in cash to the consultants and accountants who advised in the acquisition. Softek's shareholders' equity at the date of acquisition is as follows: Common stock . . . Additional paid-in capital. Retained deficit. . Accumulated other comprehensive loss. Treasury stock Total $ 400,000 20,000,000 (10,000,000) pg. 232 Softek's assets and liabilities were carried at fair value except as noted below: (1,000,000) (500,000) $ 8,900,000