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Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 20X1. Assume that Bullen issued 12,000 shares of common stock

Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 20X1. Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value to obtain al of Vicker's outstanding stock. The book value and fair value of a Vicker's accounts on that date (prior to creating the combination) follow, along with the book value of Bullen's accounts (also prior to acquisition):

Bullen Book Value Vicker Book Value Vicker Fair Value
Retained earning, 1/1/X1 250,000 240,000 70,000
Cash and receivable 170,000 70,000 210,000
Inventory 230,000 170,000 210,000
Land 280,000 220,000 240,000
Building (net) 480,000 240,000 270,000
Equipment (net) 120,000 90,000 90,000
Liabilities 650,000 430,000 420,000
Common Stock 360,000 80,000
Additional paid-in capital 20,000 40,000

What will be total consolidated assets?

What will be total consolidated equity?

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