For anyone with their book in front of them, why does the Paid in Capital of 15M add to the original Paid in Capital of 6M but then subtract 1M and add it to the Capital Stock in the combined balance sheet of the 2 new entities?
If you are asking about the 1M it is probably the par value of the equity sold. I don’t have my book though, so I may be mistaken but that is what it looks like to me.
Yes you are right , i see it now. Thanks.