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Business, 02.11.2019 07:31 NetherisIsTheQueen

On january 1, 2018, the moody company entered into a transaction for 100% of the outstanding common stock of osorio company. to acquire these shares, moody issued $400 in long-term liabilities and also issued 40 shares of common stock having a par value of $1 per share but a fair value of $10 per share. moody paid $20 to lawyers, accountants, and brokers for assistance in bringing about this acquisition. another $15 was paid in connection with stock issuance costs. prior to these transactions, the balance sheets for the two companies were as follows:

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