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Business, 13.08.2019 03:10 itscarterelliottt
Pendragon co. issues 200,000 shares of $5 par value common stock to acquiresquire co. in a business combination. the market value of pendragon’s common stock is$12. legal and consulting fees incurred in relationship to the combination are $110,000. direct registration and issuance costs for the common stock are $35,000. what should berecorded in pendragon’s additional paidin capital (apic) for this business combination?
a, $1,545,000
b, $1,400,000
c, $1,365,000
d, $1,255,000
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Pendragon co. issues 200,000 shares of $5 par value common stock to acquiresquire co. in a business...
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