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how do i calculate goodwill and additional paid in capital. please give formulas The following book and fair values were avalable for Beech Company as
how do i calculate goodwill and additional paid in capital. please give formulas
The following book and fair values were avalable for Beech Company as of June t Alder Congary pays $3,900,000 cash and issues 20,000 shares of its $2 par value common stock (fair value of $50 per share) for al of Beechis common stock in a merget, after which Beech will cesse to exist as a separafe enter. Stock iswe costs amount to $25,000. and Ades pays $42,000 for legal fees to complete the transaction Required: Prepare Ader's joumal entries to record as acquiution of Beech Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleid. Ader Company pays $3,900,000 cash and issues 20,000 shares of its $2 par value common stock (fair value of $50 per share) for all of Beech's common stock in a merget, after which Beech will cease to exist as a separate entity. Stock issue costs amourt to $25,000, and Aider pays $42,000 for legal fees to complete the transaction. Required: Prepare Alder's journat entries to record its acquisition of Beech. Note: If no entry is required for a transaction/event, select "No journol entry required" in the first account field Step by Step Solution
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