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What was the total consideration paid for the participation

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Question - Cloud Co obtained a 60% stake in the $100,000 shares of Mist Co on January 1, 2019. Cloud Co paid $250,000 in cash immediately with an additional $ 400,000 payable on January 1, 2020 and one share in Cloud Co for each two shares acquired. Cloud Co has a cost of capital of 8% and the market value of its shares the January 1, 2019 was $2.30. What was the total consideration paid for the participation of Cloud Co in Mist co?

Reference no: EM132743001

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