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On January 1 , NewTune Company exchanges 1 7 , 5 4 3 shares of its common stock for all of the outstanding shares of
On January NewTune Company exchanges shares of its common stock for all of the outstanding shares of OntheGo Incorporated. Each of NewTune's shares has a $ par value and a $ fair value. The fair value of the stock exchanged in the acquisition was considered equal to OntheGo's fair value. NewTune also paid $ in stock registration and issuance costs in connection with the merger.
Several of OntheGo's accounts' fair values differ from their book values on this date credit balances in parentheses:
tableItemsBook Values,Fair ValuesReceivables$$
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