Business, 25.03.2020 06:36 prettypb123
PC Company purchased all of the common stock of Silicon Company by issuing 2,000,000 shares of its $0.50 par value common stock, with a market value of $25/share. PC Company incurred $150,000 in registration and issuing costs, and $100,000 in consulting and legal fees, paid in cash. The book value of Silicon Company at the date of acquisition was as follows: Eliminating entry (E) includes: A. A credit to retained deficit for $1,500,000 B. A credit to Investment in Silicon for $2,500,000 C. A credit to accumulated other comprehensive income for $400,000 D. A debit to customer lists for $3,000,000
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PC Company purchased all of the common stock of Silicon Company by issuing 2,000,000 shares of its $...
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Mathematics, 23.10.2019 20:00
