Please can someone answer these questions with solution for my basis of my study... Thank you! A
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![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6678c82fab4de_5996678c82f97e57.jpg)
Please can someone answer these questions with solution for my basis of my study... Thank you!
A Co. issued bonds with face amount of $1M and fair value of $1.2M in exchange for all the assets and liabilities of B Co. A Co. incurred bond issue cost of $30,000 and legal fees of $10,000 in negotiating the business combination. The carrying amounts and fair value of B's assets and liabilities at the acquisition are shown in the image:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6678c83026a6e_6006678c83008351.jpg)
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