Morgan Company conducted an initial public offering (IPO) of its shares and incurred the following...
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Morgan Company conducted an initial public offering IPO of its shares and incurred the following costs: Before the IPO, the Company had outstanding shares with P par value. During the IPO, the Company was able to issue additional shares at P per share. Required: Determine the amount of listing costs to be expensed outright and the share issuance costs to be deducted from equity. 
Morgan Company conducted an initial public offering IPO of its shares and incurred the following costs:
Before the IPO, the Company had outstanding shares with P par value. During the IPO, the Company
was able to issue additional shares at P per share.
Required: Determine the amount of listing costs to be expensed outright and the share issuance costs to be
deducted from equity.
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