Q.33

Help Sum Prior to being united in a business combination, Taunton Inc. and Eubanks Corp had the following stockholders' equity figures Common stock ($1 par value) Additional paid-in capital Retained earnings Taunton Eubanka $240,000 $64.000 120.000 30,000 370,000 14,000 Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks Assume that Taunton acquired Eubanks on January 1, 2020. Immediately afterwards, what is the reported amount of the consolidated Common Stocke Multiple Choice $304,000 $366,000 $302,000 Assume that Taunton acquired Eubanks on January 1, 2020. Immediately afterwards, what is the reported amount of the consolidated Common Stock? Multiple Choice $304,000 $366.000 $302.000 $240,000 O $410,500