Business, 22.04.2020 02:52 braphi5609

Huge Co. issues 170,625 shares of common stock ($1 par value) to acquire Little Co. in a purchase business combination. The market value of Huge's common stock is $9. Consulting fees incurred in relationship to the purchase are $80,000. Issuance and registration costs for the common stock are $50,000. What should be recorded in Huge's additional paid-in capital account for this business combination?

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Huge Co. issues 170,625 shares of common stock ($1 par value) to acquire Little Co. in a purchase bu...

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