CH 2 hoyle 3rd act

CH 2 hoyle 3rd act - Blue's land was appraised at $204,000....

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CH 2-2 act . The following are preliminary financial statements for Black Co. and Blue Co. for the year ending December 31, 2009. On December 31, 2009 (subsequent to the preceding statements), Black exchanged 10,000 shares of its $10 par value common stock for all of the outstanding shares of Blue. Black's stock on that date has a fair value of $60 per share. Black was willing to issue 10,000 shares of stock because
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Unformatted text preview: Blue's land was appraised at $204,000. Black also paid $14,000 to several attorneys and accountants who assisted in creating this combination. Required: Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2009 assuming the transaction is treated as an acquisition combination. Acquisition Consolidation Worksheet...
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CH 2 hoyle 3rd act - Blue's land was appraised at $204,000....

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