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Want to double check my work. Athena Inc. had common stock of $450,000 and retained earnings of $975,000. Zeus Corp had common stock of $786,000
Want to double check my work.
Athena Inc. had common stock of $450,000 and retained earnings of $975,000. Zeus Corp had common stock of $786,000 and retained earnings of $998,000. On January 1, 2019, Zeus issued 32,000 shares of common stock with a $5 par value and a $45 fair value for all of Athena's outstanding common stock. This combination was accounted for as an acquisition. Immediately after the combination, what was the total consolidated net assets? [8 points)Step by Step Solution
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