A. Smith

Assignment Question(s) :(Marks 15) Q1. ZCorporationacquired 100% of the outstanding common stock of Sake X Corporation for $ 3,000,000cash and 50,000 shares of its own common stock ($1 par value), which was trading at $30 per share at the acquisition date.(3 marks) Required: Prepare The Journal Entry to Record the Acquisition Transaction on the Acquiring