Following Are Selected Accounts for Green Corporation and Vega Company

question 93

Multiple Choice

Following are selected accounts for Green Corporation and Vega Company as of December 31, 2023. Several of Green's accounts have been omitted. Green acquired 100% of Vega on January 1, 2019, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2019, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.Compute the December 31, 2023, consolidated common stock.

• A)$450,000.
• B)$530,000.
• C)$555,000.
• D)$635,000.
• E)$525,000.

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Definitions:

Pressure Spots

Areas on the body that are particularly sensitive to pressure, often due to prolonged sitting or lying in one position, leading to discomfort or skin damage.

Kinesthesis

The sense that detects body position and movement, helping individuals to coordinate voluntary movements.

Kinesthesis

The sense that detects body position and movement, contributing to our ability to coordinate movement and maintain balance.

Vestibular Sense

The sense related to the body's balance, posture, and the orientation of the body in space, largely managed by structures in the inner ear.