Business
Business, 27.12.2020 15:50, kimlyn58p0wyn0

On December 31, 2020, Orange Company issued 30,000 shares of its common stock with a fair value of $50 per share for all of the outstanding common shares of June Company. Stock issuance costs of $4,000 and direct costs of $1,000 were paid. In addition, Orange promised to pay an additional $5,200 to the former owners of Jones earnings exceed a certain amount during the next year. The fair value of the potential obligation is estimated at $3,000. Compute the investment to be recorded at date of acquisition.

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On December 31, 2020, Orange Company issued 30,000 shares of its common stock with a fair value of $...

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