Miguel Corporation and Forest Company merged as of January 1, 20X3. Miguel paid finder's fees of $36,000 and legal fees of $8,000. Miguel also paid audit fees related to the stock issuance of $12,000, stock registration fees of $7,000, and stock listing application fees of $3,000.Based on the preceding information, under the acquisition method, what amount relating to the business combination would be expensed?
A. $66,000
B. $22,000
C. $44,000
D. $36,000
Answer: C
You might also like to view...
Which characteristic is not associated with software as intellectual property?
a. uniqueness of the product b. possibility of exact replication c. automated monitoring to detect intruders d. ease of dissemination
Middle-of-the-road management best describes leaders who are ______.
A. avoiding B. empathetic C. compromising D. accommodating
Which of the following statements is true?
A) The indirect method and the direct method will produce a different amount of net cash flow from investing activities. B) The indirect method starts with net income and adjusts it to cash provided by (used for) operating activities. C) The direct and indirect methods include different types of cash flows in the investing activities section. D) The indirect method includes all non-cash activities, whereas the direct method includes only the cash activities.
You will be more successful in your job if you are motivated to work each day. _________________________
Answer the following statement true (T) or false (F)