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Calculate the additional paid-in-capital that be recorded

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Direct and indirect costs of issuing common shares

  • On March 10, PT Pratama Tbk issued 1,000,000 of its common shares with a par value of $20 to acquire PT Sumber Tbk.
  • The fair value of the stock at the time was $40 per share. PT Pratama Tbk incurred costs of $200,000 for registering and issuing the securities, $50,000 for printing the shares, $100,000 in accountants for the business combination, $20,000 for delivering the securities, and $30,000 for transferring the assets of PT Sumber Tbk.

Problem 1: Calculate the additional paid-in-capital that should be recorded by PT Pratama Tbk from the transaction.

Reference no: EM132774642

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