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  3. on 12/31/23, p corp. issued 30,000 shares of its $

On 12/31/23, P Corp. issued 30,000 shares of its $20 par, $130 FMV common stock,...

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Accounting

On 12/31/23, P Corp. issued 30,000 shares of its $20 par, $130 FMV common stock, in exchange for all shares of S Corp's common stock. P also paid $150,000 of general legal and finder's fees and $200,000 of stock issuance costs in connection with its acquisition of S Corp.
S equity accounts on 1231?23 were as follows:
\table[[Common Stock,$300,000
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