Multiple Choice
Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding stock of Vicker.What is the consolidated balance for Land as a result of this acquisition transaction?
A) $460,000.
B) $510,000.
C) $500,000.
D) $520,000.
E) $490,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q80: On January 1, 2018, Chester Inc.acquired 100%
Q81: With respect to recognizing and measuring the
Q82: Jernigan Corp.had the following account balances at
Q83: Compute the consolidated common stock at the
Q84: Compute fair value of the net assets
Q84: How are stock issuance costs accounted for
Q86: Compute the consolidated expenses for 2018.<br>A) $1,980.<br>B)
Q87: Assume that Bullen paid a total of
Q89: Compute the investment to be recorded at
Q90: What amount will be reported for consolidated