View the step-by-step solution to: On January 1,2010, Peach Company issued 1,500 of its $20 par

On January 1,2010, Peach Company issued...
This question was answered on Mar 12, 2011. View the Answer
On January 1,2010, Peach Company issued 1,500 of its $20 par value common shares with a fair value of $60 per share in exchange for the 2,000 outstanding common shares of Swartz Company in a purchase transaction. Registration costs amounted to $1,700 paid in cash. Just prior to the acquistion.

What is the journal entry to record the exchange of stock?
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Dear Student Please find the sol... View the full answer

6856152.doc

On January 1,2010, Peach Company issued 1,500 of its $20 par value common shares with a
fair value of $60 per share in exchange for the 2,000 outstanding common shares of Swartz
Company in a...

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