on $1/1/2019,$ ABC Company acquired $100\%$ of X by paying $$300,000$ cash, and issuing $100,000$ ordinary shares $(P$ ar value $$1,$ Market price $$2).x$ was dissolved at that date. ABC paid $$10,000$ as direct combination expenses $($consultation$,$ legal... etc$).$ Cost of issuing the new shares $$5000.$

Following the book values and fair values of X$\text{'}$s assets and liabilities at the date of acquisition:

Instructions. Record the above transactions in ABC $\text{'}$s records at the date of acquisition.

$1-$ B

Using the same information above, re$-$answer the question assuming that On $1/1/2019,$ ABC Company acquired $100\%$ of $x$ by paying $$110,000$ cash, and issuing $100,000$ ordinary shares $($Par value $$1,$ Market price $$2).$ X was dissolved at that date. ABC paid $$10,000$ as direct combination expenses $($consultation$,$ legal... etc$).$ Cost of issuing the new shares $$5000.$