Required information Prior to being united in a business combination, Botkins Inc. and Volkerson Corp. had the following stockholders equity figures: Common stock (51 par value) Additional paid-in capital Retained earnings Botkins $ 220,eee 110,000 360,eee Volkerson $ 54,eee 25,000 13e, eee Botkins issued 56,000 new shares of its common stock valued at $3.25 per share for all of the outstanding stock of Volkerson Assume that Botkins acquired Volkerson on January 1, 2017 and that Volkerson maintains a separate corporate existence. At what amount did Botkins record the investment in Volkerson? Multiple Choice o $312.000 Required information 5312,000. $261,000. To o o o o S182,000, 356 000 $209,000. uz Help Save & Exit Required information Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 2018. The book value and fair value of Vicker's accounts on that date (prior to creating the combination) are as follows, along with the book value of Bullen's accounts: Vicker Fair Value $ Retained earnings, 1/1/20 Cash and receivables Inventory Land Buildings (net) Equipment (net) Liabilities Common stock Additional paid-in capital Bullen Book Value $ 250, 170,eee 230,000 280, eee 480,000 120, eee 650, eee Vicker Book Value $ 240, eee 70,000 170,000 2 2e,eee 240,000 90, eee 430, eee 70,eee 210,000 240,000 270,000 90,000 42e, eee 360,000 80,ce 20,00 40,eee Assume that Bullen issued 12,000 shares of common stock, with a $5 par value and a $47 fair value, to obtain all of Vicker's outstanding stock. In this acquisition transaction, how much goodwill should be recognized? Prev of 12 Ili Next > $144,000. SO. To o o o o ( $60,000. $64,000. $104,000. Required information Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 2018. The book value and fair value of Vicker's accounts on that date (prior to creating the combination) are as follows, along with the book value of Bullen's accounts: Fair Value Retained earnings, 1/1/20 Cash and receivables Inventory Land Buildings (net) Equipment (net) Liabilities Common stock Additional paid-in capital Bullen Book Value $ 250.000 170, eee 23e, eee 28e, eee 480, see 120, eee 65e,eee 360,000 20,000 Vicker Book Value $ 240.000 70,000 170,000 22e, eee 24e, eee 90,000 430,000 80,ce 40,000 70,000 210,000 240,000 27e, eee 90,000 420,000 Assume that Bullen paid a total of $480.000 in cash for all of the shares of Vicker. In addition, Bullen paid $35.000 for secretarial and management time allocated to the acquisition transaction. What will be the balance in consolidated goodwill? Required information $65,000. 35. 2 50 555. S55,000.
