The Stockholders' Equities of Penn Corporation and Simon Corporation Were

question 37

Essay

The stockholders' equities of Penn Corporation and Simon Corporation were as follows on January 1,2016:
On January 2,2016 Penn Corp.issued 100,000 of its shares with a market value of $14 per share in exchange for all of Simon's shares,and Simon Corp.was dissolved.Penn Corp.paid $10,000 to register and issue the new common shares.
Required:
Prepare the stockholders' equity section of Penn Corp.balance sheet after the business combination on January 2,2016.

Distinguish between different methods of dating rocks and fossils and their applicability.

Explain the significance of key geological and biotic changes over Earth's history, including mass extinctions and the evolution of multicellular life.

Summarize the characteristics and significance of different geological eons and the development of life within them.

Understand the correct usage of prime (') and double prime (") symbols in representing time.

---

Definitions:

CEMF

Counter electromotive force, which is the voltage generated by a running motor that opposes the applied voltage.

VFD Senses

Refers to the ability of a Variable Frequency Drive to detect and respond to changes in load or environmental conditions.

Rectifier

An apparatus that transforms AC (alternating current) into DC (direct current).