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REFERENCE: Ref.02_05 Carnes Has the Following Account Balances as of May 1,2000

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REFERENCE: Ref.02_05
Carnes has the following account balances as of May 1,2000 before a pooling of interests transaction takes place. REFERENCE: Ref.02_05 Carnes has the following account balances as of May 1,2000 before a pooling of interests transaction takes place.   The fair value of Carnes' Land and Buildings are $650,000 and $550,000,respectively.On May 1,2000,Riley Company issues 30,000 shares of its $10 par value ($25 fair value) common stock in exchange for all of the shares of Carnes' common stock. -At the date of pooling,by how much does Riley's retained earnings increase or decrease? A) $200,000 increase. B) $200,000 decrease. C) $700,000 increase. D) $300,000 increase. E) $300,000 decrease. The fair value of Carnes' Land and Buildings are $650,000 and $550,000,respectively.On May 1,2000,Riley Company issues 30,000 shares of its $10 par value ($25 fair value) common stock in exchange for all of the shares of Carnes' common stock.
-At the date of pooling,by how much does Riley's retained earnings increase or decrease?

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Definitions:

Unconscious Mind

A part of the mind that is not within the individual's awareness which influences thoughts, feelings, and actions.

Collective Unconscious

The collective unconscious, a concept from analytical psychology, refers to structures of the unconscious mind shared among beings of the same species, encompassing universal experiences and symbols.

Projection

A defense mechanism in which individuals attribute their own unacceptable thoughts, feelings, or motives to another person.

Collective Unconscious

A concept in Jungian psychology referring to the part of the unconscious mind that is derived from ancestral memory and experience, common to all humankind.

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