The Stockholders' Equities of Penn Corporation and Simon Corporation Were

question 20

Essay

The stockholders' equities of Penn Corporation and Simon Corporation were as follows on January 1, 2013: $\begin{array}{lrr}&\text { Penn Corp. }&\text { Simon Corp. }\\\text { Common Stock, } \$ 1 \text { par } & \$ 1,000,000 & \$ 600,000 \\\text { Other Contributed Capital } & 2,800,000 & 1,100,000 \\\text { Retained Earnings } & 600,000 & 340,000 \\\text { Total Stockhol ders' Equity } & \$ 4,400,000 & \$ 2,040,000\end{array}$
On January 2, 2013 Penn Corp.issued 100,000 of its shares with a market value of $14 per share in exchange for all of Simon's shares, and Simon Corp.was dissolved.Penn Corp.paid $10,000 to register and issue the new common shares.
Required:
Prepare the stockholders' equity section of Penn Corp.balance sheet after the business combination on January 2, 2013.

Understand the significance of time to maturity in option valuation and exercise strategies.

Understand the essence and various theories of caring in nursing, including Watson's Transpersonal Theory and Leininger's Transcultural View.

Recognize the importance of listening to patients' stories to provide patient-centered care.

Appreciate the uniqueness of each patient's background in delivering personalized care.

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Definitions:

Nominal Interest Rate

The interest rate before adjustments for inflation, as opposed to the real interest rate which is adjusted for inflation.

Equilibrium Interest Rate

The equilibrium interest rate is the rate at which the demand for funds equals the supply of funds in the financial markets, balancing savings and borrowing.

Total Output

The complete quantity of goods or services produced by an entity within a specific period.