Prior to being united in a business combination, Atkins, Inc., and Waterson Corporation had the following stockholders

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Prior to being united in a business combination, Atkins, Inc., and Waterson Corporation had the following stockholders’ equity figures:

Atkins issues 51,000 new shares of its common stock valued at $3 per share for all of the outstanding stock of Waterson. Immediately afterward, what are consolidated Additional Paid-In Capital and Retained Earnings, respectively?

a. $104,000 and $300,000
b. $110,000 and $410,000
c. $192,000 and $300,000
d. $212,000 and $410,000

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Advanced Accounting

ISBN: 978-1259444951

13th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni

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Question Posted: Oct 04, 2022 08:07 AM

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Prior to being united in a business combination, Atkins, Inc., and Waterson Corporation had the following stockholders

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Advanced Accounting

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