On January 1, 2020, Emille Corporation issued 25,000 shares of its $4 par common stock...
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Accounting
On January 1, 2020, Emille Corporation issued 25,000 shares of its $4 par common stock for all of the common stock of 15th Street Corp. Emille's common stock was valued at $56 per share. Emille's costs of the combination consisted of the following: Legal fees Stock issuance costs $15,000 14,000 Prepare the journal entry to record acquisition of subsidiary's stock. Enter the Account name and the amount of either debit or credit in the applicable column. Account Prepare the journal entry to record direct costs of the combination as expenses. Enter the Account name and the amount of either debit or credit in the applicable column. Account dr Prepare the journal entry to record cash payment of stock issuance costs. Enter the Account name and the amount of either debit or credit in the applicable column. Account
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