Michael acquired 60% of Aaron??s outstanding voting stock onJanuary 1, 2011, by issuing 20,000 shares of itsown $1 par common stock, actively traded at $24.00

Michael acquired 60% of Aaronâ??s outstanding voting stock onJanuary 1, 2011, by issuing 20,000 shares of itsown $1 par common stock, actively traded at $24.00 per share. Onthe date of acquisition, 1 answer