The stockholders equities of Pop Corporation and Son Corporation at January 1 were as follows (in thousands):
Question:
The stockholders’ equities of Pop Corporation and Son Corporation at January 1 were as follows (in thousands):
On January 2, Pop issued 300,000 of its shares with a market value of $20 per share for all of Son’s shares, and Son was dissolved. On the same day, Pop paid $10,000 to register and issue the shares and $20,000 for other direct costs of combination.
REQUIRED : Prepare the stockholders’ equity section of Pop Corporation’s balance sheet immediately after the acquisition on January 2.
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Related Book For
Advanced Accounting
ISBN: 978-0134472140
13th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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