Flash, Inc. acquires all of the outstanding stock of Slow Co. on January 1, 2023 for the following considerations: 1. 10,000 shares of its common stock that has a fair value of $340,000. 2. A contingent cash payment of $38,500 at the beginning of 2024 if Slow generates sufficient operating cash flows in 2023. The estimated fair value of the contingent cash payment is $14,700 on the acquisition date. 3. A payment of sufficient shares to ensure the value of stock issued. The estimated fair value of the contingent stock payment is $3,600 on the acquisition date. The investment cost (i.e., fair value of consideration transferred) that Flash will record on the acquisition date is $ 378,500 $ 358,300 $ 354,700 $382,100

Flash, Inc. acquires all of the outstanding stock of Slow Co. on January 1, 2023 for the following considerations: 1. 10,000 shares of its common stock that has a fair value of $340,000. 2. A contingent cash payment of $38,500 at the beginning of 2024 if Slow generates sufficient operating cash flows in 2023 . The estimated fair value of the contingent cash payment is $14,700 on the acquisition date. 3. A payment of sufficient shares to ensure the value of stock issued. The estimated fair value of the contingent stock payment is $3,600 on the acquisition date. The investment cost (i.e., fair value of consideration transferred) that Flash will record on the acquisition date is $378,500 $358,300 $354,700 $382,100