As part of its all-cash business acquisition of the Lotus Company, Garden Corp paid its...
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Accounting
As part of its all-cash business acquisition of the Lotus Company, Garden Corp paid its investment bankers $3 million for their advisory services. How should Garden account for this transaction cost? O a. capitalize the cost (i.e., add it to the cost of the acquisition) O b. defer it until the deal closes, then expense it (on the acquisition date) O c. expense it when incurred (i.e., expense immediately, when the advisory services were rendered O d. as a reduction of APIC (additional paid in capital)
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