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LIVLIGUREVISILIEU QUESTIONS 5 THROUGH 10. On October 30, 2013 Y corporation issued 100000 shares of its no-par, no stated-value common stock (current fair value $12

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LIVLIGUREVISILIEU QUESTIONS 5 THROUGH 10. On October 30, 2013 Y corporation issued 100000 shares of its no-par, no stated-value common stock (current fair value $12 a share) for 18800 shares of the 20000 outstanding shares $20 par common stock of X company The S150000 out-of-pocket costs of the business combination paid by Y on October 30, 2013, were as follows, $90000 directly related to the business combination, and S60000 indirect costs. Prior to the business combination, separate balance sheets of the constituent companies were as follows: TAY SEDE Current fair values of X's identifiable net assets differed their carrying amounts as follows: Imcntoria $340000, Plant assets 1100000 Required: select the correct answer 5- The cash account of Y after business combination is - ASOS, 6- The "stock investment account" in the balance sheet of Y 7- After business combination. The value of common stock in Y balance sheet is-- 8-business combination goodwillig- 9-The minority interest is 10- The value of consolidated inventory is 11 - Occurs when a new corporation is formed to take over the assets and operations of two or more separate business entities and dissolves the previously separate entities A Legal consolidation Legal merger c. Acquisition

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