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. Assume that Bullen issued 12,000 shares of commo...

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. Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $42 fair value for all of the outstanding shares of Vicker. What will be the consolidated Additional Paid-In Capital and Retained Earnings (January 1, 20X1 balances) as a result of this acquisition transaction? A. $60,000 and $490,000. B. $60,000 and $250,000. C. $380,000 and $250,000. D. $464,000 and $250,000. E. $464,000 and $420,000.

 

Paper#5821 | Written in 18-Jul-2015

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