Acct 721 E2.7 Template - in and subtracted out Net effect...

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Acct 721 E2.7 Template E2.7 Acquisition Cost This problem asks you to deal with registration fees. They were discussed in the notes, but without an example. You should be able to find an example in the text. However, I will simplify the computation of Goodwill for you by providing the following template: Note: registration fees are both added
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Unformatted text preview: in and subtracted out. Net effect on Purchase price: purchase price = 0 Cash ? Registration fees 750,000 Stock issued ( ? ) - $750K ? Purchase price: ? FV of net identifiable assets: ? ? ? ? ? ? ? Goodwill ? E2.7 also requires a journal entry. Assigned HW includes P1.10 although there is no template for that problem....
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