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QUESTION 14 Arnprior pays $1,500 in cash and 500 shares of $1 par stock to buy Bracebridge's outstanding stock. Arnprior's stock has a market
QUESTION 14 Arnprior pays $1,500 in cash and 500 shares of $1 par stock to buy Bracebridge's outstanding stock. Arnprior's stock has a market value of $6/share. Arnprior pays $40 in registration fees to issue the stock, and $25 in consulting fees. All fees are paid in cash. Required Prepare the journal entry to record the acquisition on Arnprior's books. Show debits as positive numbers and credits as negatives (-). Arnprior treats the acquisition as a stock acquisition. Entry 1 = Entry 2 = Entry 3 = Entry 4 = Entry 5 =
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