Question: 12 ES! Picasso Co. issued 5,000 shares of its $1 par common stock, valued at $100,000, to acquire shares of Seurat Company in an all-stock transaction. Picasso paid the investment bankers $35,000 and will treat the investment banker fee as x an expense for the current year. x a reduction to additional paid-in capital. Activate Windows Go to Settings to activate Windows 2021 - Shakir A. Mrayyen