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Help Save & Exit Submit Flynn Incorporated acquires 1 0 0 percent of the outstanding voting shares of Macek Company on January 1 , 2
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Flynn Incorporated acquires percent of the outstanding voting shares of Macek Company on January To obtain these shares, Flynn pays $ cash in thousands and issues shares of $ par value common stock on this date. Flynns stock had a fair value of $ per share on that date. Flynn also pays $in thousands to a local investment firm for arranging the acquisition. An additional $in thousands was paid by Flynn in stock issuance costs.
The book values for both Flynn and Macek immediately preceding the acquisition follow. The fair value of each of Flynn and Macek accounts is also included. In addition, Macek holds a fully amortized trademark that still retains a $in thousands value. The figures below are in thousands. Any related question also is in thousands.
tableMacekCashFlynnBook Value,Fair ValueReceivables$$$
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