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Following are preacquisition financlal balances for Padre Company and Sol Company as of December 3 1 . Also Included are fair values for Sol Company
Following are preacquisition financlal balances for Padre Company and Sol Company as of December Also Included are fair values
for Sol Company accounts.
Note: Parentheses indicate a credit balance.
On December Padre acquires Sol's outstanding stock by paying $ In cash and Issuing shares of Its own common
stock with a falr value of $ per share. Padre paid legal and accounting fees of $ as well as $ in stock Issuance costs.
Determine the value that would be shown In Padre's consolidated financlal statements for each of the accounts IIsted. Input all
amounts as positive values.
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