McCoy Has the Following Account Balances as of December 31

question 79

Multiple Choice

McCoy has the following account balances as of December 31, 2020 before an acquisition transaction takes place. The fair value of McCoy's Land and Buildings are $650,000 and $600,000, respectively. On December 31, 2020, Ferguson Company issues 30,000 shares of its $10 par value ($30 fair value) common stock in exchange for all of the shares of McCoy's common stock. Ferguson paid $12,000 for costs to issue the new shares of stock. Before the acquisition, Ferguson has $800,000 in its common stock account and $350,000 in its additional paid-in capital account.On December 31, 2020, assuming that McCoy will retain its separate corporate existence, what value is assigned to Ferguson's investment account?

• A)$150,000.
• B)$300,000.
• C)$600,000.
• D)$900,000.
• E)$912,000.

Implement safe medication administration practices, including correct measuring and labelling.

Know the importance and procedures for using sterile solutions in medical contexts.

Understand the purpose and elements of routine business communication.

Identify different types of routine messages and their appropriate contexts.

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Editorial Board

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Demographic Profiling

The process of gathering and analyzing data about the characteristics of a population or specific group for targeted marketing or analysis.