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On December 3 1 , 2 0 2 0 , Boxwood issued 5 0 , 0 0 0 shares of its common stock ( $

On December 31,2020, Boxwood issued 50,000 shares of its common stock ($30 par value, $35 fair value) for all the outstanding common shares of Randall Inc. Stock issuance costs of $15,000 were incurred as part of the transaction. The acquisition contract also requires the following: Boxwood will pay $800,000 in cash. Boxwood will pay an additional $5,200 to Randall owners if Randalls earnings exceed $1,000,000 during the next year. The expected value of the additional payment is $5,000. What is the fair value of consideration paid on the acquisition date?

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