Net identifiable assets on the date of business combination

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Reference no: EM131265404

Dish Company issued 43,000 shares of its $2 par value common stock at a market price of $17 per share to acquire Eason Company in a statutory merger. Dish also incurred $2,000 legal fees and $300 for issuing the stock in the merger. Dish recorded $1, 500 gain from bargain purchase in the business combination. What was the fair value of Eason's net identifiable assets on the date of the business combination?

Reference no: EM131265404

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Net identifiable assets on the date of business combination : Dish Company issued 43,000 shares of its $2 par value common stock at a market price of $17 per share to acquire Eason Company in a statutory merger. Dish also incurred $2,000 legal fees and $300 for issuing the stock in the merger. Dish recorded $1,..

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