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On January 1, 2015, Doe Enterprises (JDE) acquired a 55%

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On January 1, 2015, John Doe Enterprises (JDE) acquired a 55% interest in Bubba Manufacturing, Inc. (BMI). JDE paid for the transaction with $3 million cash and 500,000 shares of JDE common stock (par value $1.00 per share. At the time of the acquisition, BMI’s book value was $16,970,000.
On January 1, JDE stock had a market value of $14.90 per share and there was no control premium in this transaction. Any consideration transferred over book value is assigned to goodwill. BMI had the following balances on January 1, 2015.
Submitted: 1 year ago.
Category: Single Problem
Expert:  F. Naz replied 1 year ago.

Hello

Please provide the complete data, mention your requirement and deadline, thanks.

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