Following are preacquisition financial balances for Padre Company and Sol Company as of December Also included are fair values for Sol Company accounts.
Note: Parentheses indicate a credit balance.
On December Padre acquires Sol's outstanding stock by paying $ in cash and issuing shares of its own common stock with a fair value of $ per share. Padre paid legal and accounting fees of $ as well as $ in stock issuance costs.
Determine the value that would be shown in Padre's consolidated financial statements for each of the accounts listed. Inpur all amounts as positive values.
tableAccountsAmountsInventoryLandBuildings and equipment,Franchise agreements,GoodwillRevenuesAdditional paidin capital,ExpensesRetained earnings, Retained earnings,
