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please solve Prior to being united in statutory merger business combination. Attar company and Water corporation had the following stockholders' equity figures: Attar Water Common
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Prior to being united in statutory merger business combination. Attar company and Water corporation had the following stockholders' equity figures: Attar Water Common Stock $90,000 $ 23,000 Additional paid in capital 45,000 10,000 Retained Earnings 155,000 50,000 Attar issues 26,000 new shares of its common stock valued at $3 per share ($1 par value) for 100% of the outstanding stock of Water Company, and paid $1000 to register and issue securities. Attar and Water company uses Acquisition method. Immediately afterwards, what are consolidated common stock and additional paid-In capital? *Step by Step Solution
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