Ang Company issued 120,000 shares of its P25 par common stock for the net assets of Chan Corporation in a business combination completed on March 1, 2010. Chan Corporation’s net assets are worth P3,800,000 at FMV. Out of pocket costs of the combination were as follows: Legal fees 26,000 Contingent consideration (highly probable & measurable) 18,000 Printing costs of stock certificates 8,500 Finder’s fees 27,000 Professional fees paid to a CPA 21,000 Fees paid to company lawyers 23,450 Fees paid to company accountants 38,900 The goodwill from the business combination is P418,000. How much is the FMV per share of Ang Company at March 1, 2010?
Ang Company issued 120,000 shares of its P25 par common stock for the net assets of Chan Corporation in a business combination completed on March 1, 2010. Chan Corporation’s net assets are worth P3,800,000 at FMV. Out of pocket costs of the combination were as follows:
Legal fees 26,000
Contingent consideration (highly probable & measurable) 18,000
Printing costs of stock certificates 8,500
Finder’s fees 27,000
Professional fees paid to a CPA 21,000
Fees paid to company lawyers 23,450
Fees paid to company accountants 38,900
The
How much is the FMV per share of Ang Company at March 1, 2010?
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