Two companies have merged on January 1, 2020. Fees related to merger were, accountant's fees...

70.2K

Verified Solution

Question

Accounting

image
Two companies have merged on January 1, 2020. Fees related to merger were, accountant's fees of $30,000, legal fees of $13,000, fees related to the stock issuance of $10,000, stock registration fees of $5,000. What amount relating to the business combination (Investment) would be expensed

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students