Haynes, Inc., obtained 100 percent of Turner Company??s commonstock on January 1, 2020, by issuing 11,200 shares of $10 par valuecommon stock. Haynes??s shares had

Haynes, Inc., obtained 100 percent of Turner Companyâ??s commonstock on January 1, 2020, by issuing 11,200 shares of $10 par valuecommon stock. Haynesâ??s shares had a $15 per share fair value. Ont 2 answers