Assume That Bullen Issued Preferred Stock with a Par Value

question 38

Multiple Choice

Assume that Bullen issued preferred stock with a par value of $240,000 and a fair value of $500,000 for all of the outstanding shares of Vicker in an acquisition business combination.What will be the balance in the consolidated Inventory and Land accounts?

• A) $440,000, $496,000.
• B) $440,000, $520,000.
• C) $425,000, $505,000.
• D) $400,000, $500,000.
• E) $427,000, $510,000.

---

Definitions:

UTP

Unshielded Twisted Pair, a type of cable that is widely used for telecommunications and network connections without the need for shielding from interference.

WAN

A Wide Area Network (WAN) is a telecommunications network designed for computer networking, covering vast geographic regions.

P2P

Peer-to-Peer, a decentralized communications model in which each party can initiate a communication session and has equal privileges.

LAN

Local Area Network, a network that connects computers and devices in a limited geographical area, such as a home, school, or office building.