Question: PR Company pays ( $ 2 0 , 0 0 0 ) in cash and issues stock with a far volue of

PR Company pays \(\$ 20,000\) in cash and issues stock with a far volue of \(\$ 50,000\) to acquire all of SXCorporation's stack. Sx will be a subsidiary of PR. Balance shoes accounts fust prior to the acquisition are as followa, in trial halance format: PR's consultants find these items that are not reported on SXes balonce sheet: Outside consultants are paid \(\$ 400\) in cash, and registration fees to lasue PR's new stock are \(\$ 600\), paid in cash. On the consolidation working puper at the date of acqualition, elimination (R) debits identifibie intang ble assets by Os1,000 Os13,000 O516,50023,000
PR Company pays \ ( \ $ 2 0 , 0 0 0 \ ) in cash

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