Answer the following and provide solution. 23. Rupert Corporation issued 100,000 shares of P20 for common stock

Answer the following and provide solution.

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23. Rupert Corporation issued 100,000 shares of P20 for common stock for all the outstanding of Rita Corporation in a business combination consummated on July 1, 20x4. Rupert Corp common stock was selling at P30 per share at the time of the business combination was consummated. Out-of-pocket costs of the business combination were as follows: Finder's fee Accountant's fee (advisory) Legal fees (advisory) Printing costs SEC registration costs and fees P50,000 10,000 20,000 5,000 12,000 P97,000 The fair value of the consideration transferred accounting will be: 23. Rupert Corporation issued 100,000 shares of P20 for common stock for all the outstanding of Rita Corporation in a business combination consummated on July 1, 20x4. Rupert Corp common stock was selling at P30 per share at the time of the business combination was consummated. Out-of-pocket costs of the business combination were as follows: Finder's fee Accountant's fee (advisory) Legal fees (advisory) Printing costs SEC registration costs and fees P50,000 10,000 20,000 5,000 12,000 P97,000 The fair value of the consideration transferred accounting will be:

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