On June 30, 2015, Wisconsin, Inc., issued $108,650 in debt and 24,200 new shares of its $10 par value stock to Badger Company owners in exchange for all of the outstanding shares of that company. Wisconsin shares had a fair value of $40 per share. Prior to the combination, the financial statements for Wisconsin and Badger for the six-month period

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Fundamentals of Advanced Accounting

5th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

ISBN: 978-0077667061