On May 1, 2019, Design Co. issues 20,000 shares of its $10 par value ($25 fair value) common stock in exchange for all of the shares of Silk Corp.'s common stock. Design paid $25,000 to lawyers, accountants and brokers for assistance in bringing about this acquisition. In addition, Design paid $10,000 for costs to issue the new shares of stock. Before the acquisition, Design has $500,000 in its common stock account and $900,000 in its additional paid-in capital account. <\/p>
a. Immediately after the acquisition, what is the total balance in Design's additional paid-in capital account?<\/strong><\/p>", "transcribed_text": "", "related_book": { "title": "Global Strategy", "isbn": "0357512367, 978-0357512364", "edition": "5th Edition", "authors": "Mike W. Peng", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/649592eaa157d_32303.jpg", "uri": "\/textbooks\/global-strategy-5th-edition-9780357512364", "see_more_uri": "" }, "free_related_book": { "isbn": "0979183820", "uri": "\/textbooks\/modeling-trading-system-performance-monte-carlo-simulation-position-sizing-risk-management-and-statistics-1st-edition-978-0979183829-254881", "name": "Modeling Trading System Performance Monte Carlo Simulation Position Sizing Risk Management And Statistics", "edition": "1st Edition" }, "question_posted": "2024-06-28 03:36:16", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-13", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-candy-company-fills-a-20ounce-package-of-halloween-candy", "description": "A candy company fills a 20-ounce package of Halloween candy with individually wrapped pieces of candy. 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