On March 10, PT PratamaTbk issued 1,000,000 of its common shares with par value of $20...

 

Transcribed Image Text:

On March 10, PT PratamaTbk issued 1,000,000 of its common shares with par value of $20 to acquire PT SumberTbk. The fair value of the stock at the was in $40 per share. PT PratamaTbk incurred the cost of registering and issuing the securities of $200,000, cost of printing the shares for $50,000, cost of accountants for the business combination for $110,000, cost of delivering the securities for $20,000 and cost for transferring the assets of PT SumberTbk for $30,000. Record the transactions for PT PratamaTbk and PT SumberTbk. What would be the additional paid- in capital for this transaction? [Hint: don't forget the T-account for the additional paid-in capital] On March 10, PT PratamaTbk issued 1,000,000 of its common shares with par value of $20 to acquire PT SumberTbk. The fair value of the stock at the was in $40 per share. PT PratamaTbk incurred the cost of registering and issuing the securities of $200,000, cost of printing the shares for $50,000, cost of accountants for the business combination for $110,000, cost of delivering the securities for $20,000 and cost for transferring the assets of PT SumberTbk for $30,000. Record the transactions for PT PratamaTbk and PT SumberTbk. What would be the additional paid- in capital for this transaction? [Hint: don't forget the T-account for the additional paid-in capital]

Answer rating: 100% (QA)

Additional paidin capital that should be recorded 19730000 Stepbystep expla... View the full answer