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Problem 3 (7 Points) On January 2, 2009, PAssivCorporation issues its own $10 par common stock for all the outstanding stock of Eiopeo Corporation in

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Problem 3 (7 Points) On January 2, 2009, PAssivCorporation issues its own $10 par common stock for all the outstanding stock of Eiopeo Corporation in a business combination. Sioveovs dissolved. In addition, RAvikpays $20,000 for registering and issuing securities and $30,000 for other costs of combination. The market price of RAvaris stock on January 2, 25009, is $30 per share. Relevant balance sheet information for RAsticand Sioeaonorporation on December 31, 2008, just before the business combination, is as follows (in thousands Instructions. Assume that Pervivissues 15,000 of its stock for all of Eromoig outstanding shares. a. Prepare the journal entries to record the business combination of Bervivand siokag

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