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The Following Are Preliminary Financial Statements for Green Co

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The following are preliminary financial statements for Green Co. and Gold Co. for the year ending December 31, 2021 prior to Green's acquisition of Gold. The following are preliminary financial statements for Green Co. and Gold Co. for the year ending December 31, 2021 prior to Green's acquisition of Gold.   On December 31, 2021 (subsequent to the preceding statements), Green exchanged 10,000 shares of its $10 par value common stock for all of the outstanding shares of Gold. Green's stock on that date has a fair value of $60 per share. Green was willing to issue 10,000 shares of stock because Gold's land was appraised at $204,000. Green also paid $14,000 to attorneys and accountants who assisted in creating this combination.Required:Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2021 after the acquisition transaction is completed. On December 31, 2021 (subsequent to the preceding statements), Green exchanged 10,000 shares of its $10 par value common stock for all of the outstanding shares of Gold. Green's stock on that date has a fair value of $60 per share. Green was willing to issue 10,000 shares of stock because Gold's land was appraised at $204,000. Green also paid $14,000 to attorneys and accountants who assisted in creating this combination.Required:Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2021 after the acquisition transaction is completed.

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Definitions:

Implicit Attitudes

Unconscious beliefs or feelings that can influence one's behavior and understanding without one's awareness.

Prejudice

Prejudice is a preconceived opinion that is not based on reason or actual experience, often involving discriminatory thoughts or beliefs towards different groups of people.

Unconscious

The unconscious consists of the processes in the mind that occur automatically and are not available to introspection, including thought processes, memories, interests, and motivations.

Social Traps

Situations in which individuals or groups pursue self-interest leading to a result that is damaging to themselves or society as a whole.

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