Business, 26.08.2019 23:30 brooklynunderwood46

Seashell corp. was organized to consolidate sea company and shell company in a business combination. seashell issued 25,000 shares of its $10 par value common stock in exchange for all of the outstanding common stock of sea and shell. at the time of the consolidation, the fair market value of sea's and shell's assets and liabilities are equal to their book values. the shareholders' equity accounts of sea and shell on the date of the consolidation were: sea shell total c/s par $100,000$200,000 $300,000apic 50,000 75,000 125,000retained earnings22,500 47,500 70,000 totals $172,500 $322,500 $495,000which of the following is the balance in seashell's additional paid-in capital account immediately following its issuing common stock to effect the consolidation?

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Seashell corp. was organized to consolidate sea company and shell company in a business combination....

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