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On January 1 , Y 5 , Exeter Corporation issued 1 0 0 , 0 0 0 common shares to acquire all the net assets
On January Y Exeter Corporation issued common shares to acquire all the net assets of Lucan Ltd On January Y Exeter common shares were traded at $ per share. It was agreed that if the share price did not return to its preY price of $ per share by February Y an additional cash payment of $ would be made to Lucan shareholders. On February Y Exeter Corporation common shares were traded at $ per share.
Exeter's acquisition cost with respect to its investment in Lucan would be:
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$
$
$
$
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