GunnerWilbert5178
GunnerWilbert5178
22.07.2019 • 
Business

On august 31, 2010, wood corp. issued 100,000 shares of its $20 par value common stock for the net assets of pine, inc., in a business combination accounted for using the acquisition method. the market value of wood's common stock on august 31 was $36 per share. wood paid a fee of $160,000 to the consultant who arranged this acquisition. costs of registering and issuing the equity securities amounted to $80,000. no goodwill was involved in the purchase. what amount should wood capitalize as the cost of acquiring pine's net assets?

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