Prior to Being United in a Business Combination, Botkins Inc

question 4

Multiple Choice

Prior to being united in a business combination, Botkins Inc. and Volkerson Corp. had the following stockholders' equity figures: $\begin{array}{lrr}&\text { Botkins }&\text {Volkerson }\\\text { Common stock ( } \$ 1 \text { par value) } & \$ 220,000 & \$ 54,000 \\\text { Additional paid-in capital } & 110,000 & 25,000 \\\text { Retained earnings } & 360,000 & 130,000\end{array}$ Botkins issued 56,000 new shares of its common stock valued at $3.25 per share for all of the outstanding stock of Volkerson. Assume that Botkins acquired Volkerson on January 1, 2012. Immediately afterwards, what is consolidated Common Stock?

• A)$456,000.
• B)$402,000.
• C)$274,000.
• D)$276,000.
• E)$330,000.

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Definitions:

Chloroplast Membrane

The envelope surrounding a chloroplast, consisting of an inner and an outer lipid bilayer, that regulates the passage of molecules in and out of the chloroplast.

Calvin-Benson Cycle

A series of biochemical reactions taking place in the chloroplasts of photosynthetic organisms, crucial for converting carbon dioxide and water into glucose, using sunlight energy.

NADPH

Nicotinamide adenine dinucleotide phosphate, a coenzyme involved in reductive metabolic processes, providing the reducing power in cellular biochemical reactions.

ATP

Adenosine triphosphate, a molecule that carries energy within cells for metabolism, acting as a primary energy currency in the cell.