Business, 10.02.2020 23:12 alizeleach0123

Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares of Vicker. What will be the consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisition transaction?

a.$524,000 and $420,000.
b.$60,000 and $250,000.
c.$524,000 and $250,000.
d.$60,000 and $490,000.
e.$380,000 and $250,000.

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Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for...

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