Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in exchange for stock valued at $3,000,000, mune c

In exchange for stock valued at $3,000,000, Mune company received assets with the following fair...

90.2K

Verified Solution

Question

Accounting

In exchange for stock valued at $3,000,000, Mune company received assets with the following fair values. The stock price is considered the most reliable measure of fair value. Allocate the total stock price to the assets on a proportional basis.

Fair Value

Asset 1 - $1,500,000

Asset 2 - $1,200,000

Asset 3 - $800,000

Allocated price for asset 3 is ___________

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Determine the number of photons with wavelengths between 705 and 713 nm escaping each second from...

Physics
Q

The sketch below is a free-body diagram (with all the forces shown) of a bridge. The...

Physics
Q

It costs a pharmaceutical company $75,000 to produce a 1,000-pound batch of a drug. The average...

Basic Math
Q

Employee Friendly Policies A. Discuss three policies in each of the following categories:      Family Issues       Health Safety...

General Management
Q

9 Why did Morrow and Halliday end the friendship

Biology
Q

A proton a deuteron and an a particle with the same kinetic energy enter a...

Physics
Q

point m Attempt 1 of Unlimited Measurements taken 25 ft from the base of a...

Geometry
Q

Use the substitution u x 2 to evaluate the indefinite integral below 2x x 2...

Calculus
Q

Find the derivative of f(x) = 3?x -9a 10/2x8.Type your answer without fractional or negative...

Calculus
Q

Determine whether the series converges absolutely or conditionally or diverges 8 1 n n 1...

Calculus
Q

7. Link Company is preparing their financial statements....

Accounting
Q

Assume that in October 2022 the Schmidt Machinery Company (Exhibit 14.1) manufactured and sold 1.070...

Accounting