Question: hello please help me understand and answer this thank you Peep inc. acquired 100% of the outstanding common stock of Shy Inc. for $2.503,900 cash
Peep inc. acquired 100% of the outstanding common stock of Shy Inc. for $2.503,900 cash and 14,050 shares of its common stock ( $2 par value). The stock's market value was $41 on the acquisition date. Prepare the journal entry to record the acquisition. (If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts Credit occount titles are automatically indented when the amount is entered. Do not indent manually
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