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Punyain Company acquired Sallsap Corporation on January 1 , through an exchange of common shares. All of Sallsaps assets and liabilities were immediately transferred to
Punyain Company acquired Sallsap Corporation on January 1 , through an exchange of common shares. All of Sallsaps assets and liabilities were immediately transferred to which reported total par value of shares outstanding of $219,000 and $356,600 and additional paid-in capital of $370,700 and $731,900 immediately before and after the business combination respectively Part A :Assuming that Punyains common stock had a market value of $29 per share at the time of exchange, what number of shares was issued? Part B : What is the par value per share of Punyain's common stock?
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