Question
Prior to being united in a business combination, Big Inc. and Little Inc. had the following information: Big Little Common Stock ($1 par value)$ 180,000$45,000
Prior to being united in a business combination, Big Inc. and Little Inc. had the following information:
Big Little
Common Stock ($1 par value)$ 180,000$45,000
Additional Paid-in capital90,00020,000
Retained earnings300,000110,000
Big issues 51,000 new shares of its common stock valued at $3 per share for all the outstanding stock of Little.Immediately afterward, what are consolidated Additional Paid-in Capital and Retained Earnings?
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Using Microsoft Excel and Access 2016 for Accounting
Authors: Glenn Owen
5th edition
1337109048, 1337109045, 1337342149, 9781337342148 , 978-1337109048
