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Question: 12 hoa Picasso Co. issued 5,000 shares of its $1 par common stock, valued at $100,000, to acquire shares of Seurat Company in an

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Question: 12 hoa 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 ICINO X an expense for the current year. x a reduction to additional paid-in capital. Activate Windows

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