At what amount did botkins record the investment, Accounting Basics

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At what amount did botkins record the investment

Prior to being united in a business combination, Botkins INc. and Volkerson Corp. had the following stockholders equity figures:
Common STock ($1 par value): Botkin $220,000
Volkerson $54,000
APIC: Botkin $110,000 & Volkerson $25,000
Retained Earnings: Botkins $360,000 & Volkerson $130,000

Botkins issued 56,000 new shares of its common stock valued at $3.25 per share for all of the outstanding stock of Volkerson. Assume that Botkins acquired Volkerson on January 1, 2010. At what amount did Botkins record the investment in Volkerson?

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Accounting Basics: At what amount did botkins record the investment

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Accounting Basics: At what amount did botkins record the investment

Reference No:- TGS082445

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