Q company A acquired 100 of voting stocks of company B for $3000000 cash and issuing 30000 common share of its own common stocks 9 par value $1) market price is $30 at acquisition date Company A incurred and paid direct expenses of $140000 related to acquisition as follows legal fees $50000, $accounting fees $30000, travel expenses $10000, stock issuance expenses $50000 Company A capitalized these expenses as preferred expenses Required Prepare journal entry to record acquisition on company A records Prepare journal entries to record acquisition expenses on company A records

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Q  company A acquired 100  of voting stocks of company B for $3000000 cash and issuing 30000 common share of its own common stocks 9 par value $1) market price is $30 at acquisition date  Company A incurred and paid direct expenses of $140000 related to acquisition as follows  legal fees $50000, $accounting fees $30000, travel expenses $10000, stock issuance expenses $50000  Company A capitalized these expenses as preferred expenses  Required  Prepare journal entry to record acquisition on company A records  Prepare journal entries to record acquisition expenses on company A records

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Q. company A acquired 100% of voting stocks of company B for $3000000 cash and issuing 30000 common share of its own common stocks 9

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