PR Company pays $20,000 in cash and issues no-par stock with a fair value of $40,000 to acquire all of SX Corporation's net assets. Sxs balance sheet at the date of acquisition is as follows: Current assets Property plunt equipment, net Identifiable angible assets SX Corporation Dok valas Fair value S4000 STOC 12,000 3000 4000 15000 $27500 14,000 Long term debit Capito $4500 13.800 11 000 Accumulated other comprehensive incon Treasury to Tealabili t y PRS consultants find these items that are not reported on Sxs balance sheet Potential contracts with new customers Advanced production technology Outside consultants are paid $500 in cash and registration fees to issue PRS new stock are 5800. The question below relates to the entry PR recognizes previously unrecorded intangibles of PR makes to record the acquisition on its boek 0$ 1.000 54500 $13.500 $16.500 PR Company pays $20,000 in cash and issues no par stock with a fair value of $40,000 to acquire all of SX Corporation's net assets. SX's balance sheet at the date of acquisition is as follows: PR'S Consultants find these items that are not reported on sxs balance sheet Advanced production technology Cunts Outside consultants are paid $500 in cash, and registration fees to issue PR's new stock are $800. The question below relates to the entry or entries PR makes to record the acquisition on ts books PR recognizes previously unrecorded intang bles of $1,000 03 4.500 $13.500 $16.500 Previous Save Answers