Frc inc acquired marketing inc on 112014 marketing inc has, Ask an Expert

Accounting

FRC Inc. acquired Marketing Inc on 1/1/2014. Marketing Inc. has 10,000 shares outstanding. Each share in Marketing Inc. was exchanged for half a share in FRC, Inc. Shares of FRC Inc., were trading at $100 per share at the date of the announcement of the transaction.

Marketing Inc, had the following assets and liabilities that were assumed by FRC Inc.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91896287

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