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If P. Company paid $1350000 to acquire 75% of S. company common stocks. The equity section of S. Company includes only common stocks and the
If P. Company paid $1350000 to acquire 75% of S. company common stocks. The equity section of S. Company includes only common stocks and the additional paid in capital with a total book value for both of them $720000. If the total number of S. company common stock before acquisition is 90000 shares/par value $5. Then answer (1-6) The book value of S. Company.1 =common stock $270000 $1350000 $4500000 $7200000
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