ACC 401 ACC401 Week 2 Lab Assignment 2 (Strayer)

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ACC 401 Week 2 Lab Assignment 2

On July 1, TruData Company issues 10,000 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company’s outstanding voting shares. Webstat’s precombination book and fair values are shown below along with book values for TruData’s accounts.