Peanut Butter Corporation and Jelly Company merged as of January 1st 2019. To effect the...
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Peanut Butter Corporation and Jelly Company merged as of January 1st 2019. To effect the merger Peanut Butter paid commission fees of $45,000, legal fees of $110,000 related to contract negotiations, stock registration fees of $80,000, asset valuation fees of $50,000, travel cost $25,000, audit fees not required for stock issuance of $75,000 and legal fees for due-diligence of $110,000. Based on the preceding information under the Acquisition Method what amount relating to the business combination would be deferred stock issuance costs?
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