Following Are Selected Accounts for Green Corporation and Vega Company

question 68

Multiple Choice

Following are selected accounts for Green Corporation and Vega Company as of December 31, 2015. Several of Green's accounts have been omitted. $$\begin{array} { l r r } & \text { Green } &{ \text { Vega } } \\\text { Revenues } & \$ 900,000 & \$ 500,000 \\\text { Cost of goods sold } & 360,000 & 200,000 \\\text { Depreciation expense } & 140,000 & 40,000 \\\text { Other expenses } & 100,000 & 60,000 \\\text { Equity in Vega's income } & ? & \\\text { Retained earnings, 1/1/15 } & 1,350,000 & 1,200,000 \\\text { Dividends } & 195,000 & 80,000 \\\text { Current assets } & 300,000 & 1,380,000 \\\text { Land } & 450,000 & 180,000 \\\text { Building (net) } & 750,000 & 280,000 \\\text { Equipment (net) } & 300,000 & 500,000 \\\text { Liabilities } & 600,000 & 620,000 \\\text { Common stock } & 450,000 & 80,000 \\\text { Additional paid-in capital } & 75,000 & 320,000\end{array}$$ Green acquired 100% of Vega on January 1, 2011, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2011, 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 book value of Vega at January 1, 2011.

• A)$997,500.
• B)$857,500.
• C)$1,200,000.
• D)$1,600,000.
• E)$827,500.

Recognize the physical symptoms and signs of specific hormonal disorders.

Understand the significance of the adrenal gland and its role in the endocrine system.

Explain the impact of hormones on energy production, metabolism, and tissue repair.

Identify and categorize different types of accounts present in financial statements.

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Definitions:

Travel Websites

Online platforms that enable users to book flights, hotels, and other travel-related services.

Functionally

In terms of operation or purpose, the way something works or performs its intended role.

Destinations

Places to which people travel or send goods, often within the context of tourism or logistics.

Stickiness

A measure of a website's or app's ability to engage and retain users over time, often reflected in repeat visits or extended usage.