In addition, Pacifica assessed a research and development project under way at Seguros to have...
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Accounting
In addition, Pacifica assessed a research and development project under way at Seguros to have a fair value of $ Although not yet recorded on its books, Pacifica paid legal fees of $ in connection with the acquisition and $ in stock issue costs.
Prepare the following:
Pacifica's journal entries to record the consideration transferred to the former owners of Seguros, the direct combination costs, and the stock issue and registration costs. Use a present value factor where applicable.
A postacquistion column of account for Pacifica.
A worksheet to produce a consolidated balance sheet as of the acquisition date.
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