Business, 19.09.2019 16:30 clevelandjaniya

Arturo company pays $4,000,000 cash and issues 20,000 shares of its $2 par value common stock (fair value of $50 per share) for all of westmont’s common stock in a merger, after which westmont will cease to exist as a separate entity. stock issue costs amount to $25,000 and arturo pays $42,000 for legal fees to complete the transaction. prepare arturo’s journal entries to record its acquisition of westmont.

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Arturo company pays $4,000,000 cash and issues 20,000 shares of its $2 par value common stock (fair...

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