Question: please help me fix errors! On December 31. Padre acquires Sol's outstanding stock by paying $188,000 in cash and issuing 15,500 shares of its own


On December 31. Padre acquires Sol's outstanding stock by paying $188,000 in cash and issuing 15,500 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $21,800 as well as $6,100 in stock issuance costs. Required: Determine the value that would be shown in Padre's consolidated financlal statements for each of the accounts listed: Note: Input all amounts as positive values. Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Company accounts. Answer is complete but not entirely correct
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