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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Statistics Informed Decisions Using Data
Authors: Michael Sullivan III
5th Edition
978-0134135373, 134133536, 134135377, 978-0134133539
