The palances of some accounts of JOHN Corporation and ALI Corporation at 1/1 were as follows...

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The palances of some accounts of JOHN Corporation and ALI Corporation at 1/1 were as follows (book value) JOHN ALI 600,000 400,000 4,000,000 1,000,000 Other paid-in capital 900,000 300,000 Retained earnings 700,000 200,000 On January 2, JOHN issued 40,000 of its shares with a market value of $50 per share for all of ALI shares and paid also $200,000 cash for this acquisition, ALI was dissolved. (book value fair value). On the same day. JOHN paid $20,000 to register and issue the shares and $30,000 for other direct costs. Compute the following balances after this acquisition transaction Cash Capital stock, $10 par 17-Investment account: 18-Capital stock: 19-Paid-in capital 20-Retained earnings 21-Cash account The palances of some accounts of JOHN Corporation and ALI Corporation at 1/1 were as follows (book value) JOHN ALI 600,000 400,000 4,000,000 1,000,000 Other paid-in capital 900,000 300,000 Retained earnings 700,000 200,000 On January 2, JOHN issued 40,000 of its shares with a market value of $50 per share for all of ALI shares and paid also $200,000 cash for this acquisition, ALI was dissolved. (book value fair value). On the same day. JOHN paid $20,000 to register and issue the shares and $30,000 for other direct costs. Compute the following balances after this acquisition transaction Cash Capital stock, $10 par 17-Investment account: 18-Capital stock: 19-Paid-in capital 20-Retained earnings 21-Cash account The palances of some accounts of JOHN Corporation and ALI Corporation at 1/1 were as follows (book value) JOHN ALI 600,000 400,000 4,000,000 1,000,000 Other paid-in capital 900,000 300,000 Retained earnings 700,000 200,000 On January 2, JOHN issued 40,000 of its shares with a market value of $50 per share for all of ALI shares and paid also $200,000 cash for this acquisition, ALI was dissolved. (book value fair value). On the same day. JOHN paid $20,000 to register and issue the shares and $30,000 for other direct costs. Compute the following balances after this acquisition transaction Cash Capital stock, $10 par 17-Investment account: 18-Capital stock: 19-Paid-in capital 20-Retained earnings 21-Cash account The palances of some accounts of JOHN Corporation and ALI Corporation at 1/1 were as follows (book value) JOHN ALI 600,000 400,000 4,000,000 1,000,000 Other paid-in capital 900,000 300,000 Retained earnings 700,000 200,000 On January 2, JOHN issued 40,000 of its shares with a market value of $50 per share for all of ALI shares and paid also $200,000 cash for this acquisition, ALI was dissolved. (book value fair value). On the same day. JOHN paid $20,000 to register and issue the shares and $30,000 for other direct costs. Compute the following balances after this acquisition transaction Cash Capital stock, $10 par 17-Investment account: 18-Capital stock: 19-Paid-in capital 20-Retained earnings 21-Cash account

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Compute the balances after the acquisition transaction Investment Account Fair value per share Numbe... View the full answer