Question
i know the answer is 471600-393000 but my question is where did the 471600 come to be in the question Oriole Cosmetics acquired15% of the262,000shares
i know the answer is 471600-393000 but my question is where did the 471600 come to be in the question Oriole Cosmetics acquired15% of the262,000shares of common stock of Nevins Fashion at a total cost of $10per share on March 18, 2020. On June 30, Nevins declared and paid a $42,000dividend. On December 31, Nevins reported net income of $128,000for the year. At December 31, the market price of Nevins Fashion was $12per share..
for december i am trying to understand how did 471600 come to be the number i have to subtract to get the fair value adjustment-stockjQuery22404260102129539517_1590193281625???
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