P Company acquired the S Company for an agreed value of $900,000 and issues its common stock

Question:

P Company acquired the S Company for an agreed value of $900,000 and issues its to make the deal. The fair value of the Company S net identifiable assets is $800,000. The issue costs of the stock used for payment is $50,000. If P Company was eligible to use IFRS for SME’s and decided to do so, how would the recording of the transaction differ from U.S. GAAP?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...