Octane Company and Bio Company have announced terms of an exchange agreement under which Octane will issue 10,000 shares of its $5 par value common stock to acquire all of Bio's assets.Octane shares are trading at $28,and Bio's $10 par value shares are trading at $15.Historical cost and fair value balance sheet data on January 1,2008,are as follows:
-Based on the information provided,what amount will be reported for Common Stock in the combined company's balance sheet immediately following the business combination?
Definitions:
Usual Supports
The standard networks of assistance individuals rely on, including family, friends, community resources, and services.
Elisabeth Kübler-Ross
A Swiss-American psychiatrist who pioneered studies on death and dying, best known for her theory on the five stages of grief.
Leukemia
A kind of cancer impacting the blood and bone marrow, marked by the excessive production of atypical white blood cells.
Diagnosis
The identification of the nature and cause of a certain phenomenon, often used in the context of medical conditions.
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