On January 1, 2014, Yasmeen BSC acquired 90,000 out of 100,000 outstanding common shares of...
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Accounting
On January 1, 2014, Yasmeen BSC acquired 90,000 out of 100,000 outstanding common shares of Talal BSC for $720,000. The total stockholders equity account of Talal BSC was $800,000 at this date. On January 2, 2014, Talal BSC sold an additional 10,000 common shares to the public for $10 per share.
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