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Paul Corporation acquired 70 percent of Saul Company on January 1, 2021, by issuing 124000 shares of $4 par common stock. The merket value
Paul Corporation acquired 70 percent of Saul Company on January 1, 2021, by issuing 124000 shares of $4 par common stock. The merket value of the Paul stock on this date was $14 per share, Paul paid $79000 to a third party for help in arranging the business combination and $44000 to register and issue the shares issued in the acquisition. On the acquisition date, Poul would record a CREDIT TO APIC in the amount of: NOTE: BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000 Your Answer: Answer
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