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Business, 20.03.2020 11:59 AliTop232

Pendragon Co. issues 200,000 shares of $5 par value common stock to acquire Squire 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 be recorded in Pendragon’s additional paid-in capital (APIC) for this business combination?

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Pendragon Co. issues 200,000 shares of $5 par value common stock to acquire Squire Co. in a business...
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