Question
In exchange for stock valued at $3,000,000, Mune company received assets with the following fair values. The stock price is considered the most reliable measure
In exchange for stock valued at $3,000,000, Mune company received assets with the following fair values. The stock price is considered the most reliable measure of fair value. Allocate the total stock price to the assets on a proportional basis.
Fair Value
Asset 1 - $1,500,000
Asset 2 - $1,200,000
Asset 3 - $800,000
Allocated price for asset 3 is ___________
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Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
10th Edition
0324380674, 978-0324380675
