On January 1, 2020, Panther, Inc., issued securities with a total fair value of $592,000...
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On January 1, 2020, Panther, Inc., issued securities with a total fair value of $592,000 for 100 percent of Stark Corporation's outstanding ownership shares. Stark has long supplied inventory to Panther. The companies expect to achieve synergies with production scheduling and product development with this combination. Although Stark's book value at the acquisition date was $348,000, the fair value of its trademarks was assessed to be $77,000 more than their carrying amounts. Additionally, Stark's patent
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