What business combination dicken net assets increased by

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Reference no: EM132859803

Discussion 1: Dickens Corporation issued nonvoting preferred stock with a fair market value of $1,200,000 in exchange for all the assets and liabilities of D&E Corporation. D&E's net assets on the date of the acquisition had a book value of $800,000 and a fair value of $1,050,000. Also, Dickens issued common stock with a fair market value of $50,000 to legal counsel for arranging the transaction. As a result of this business combination DIcken's net assets increased by:

A. $800,000

B. $1,050,000

C. $1,200,000

D. $1,250,000

Reference no: EM132859803

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