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Why or why not changes are made to each company

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Reference no: EM13490229

Q1. Short Answer - Immediately after the above transaction what change(s) will be made on the respective books (ledger) of each company? Please explain why or why not changes are made to each company's respective financial statement(s).


Paper & Ink Corporation: Smooth Solutions:

Q2. Calculations - Show the calculations confirming the following balance sheet accounts have correctly stated balances (per the balance sheet below):

 

Cash $ 2,033,174

 

Common Stock $ 361,600

 

APIC $49,371,574

 

Reference no: EM13490229

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