Examlex

Solved

Following Are Selected Accounts for Green Corporation and Vega Company

question 36

Multiple Choice

Following are selected accounts for Green Corporation and Vega Company as of December 31, 2013. Several of Green's accounts have been omitted.
Following are selected accounts for Green Corporation and Vega Company as of December 31, 2013. Several of Green's accounts have been omitted.   Green acquired 100% of Vega on January 1, 2009, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2009, 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 December 31, 2013, consolidated common stock.  A)  $450,000. B)  $530,000. C)  $555,000. D)  $635,000. E)  $525,000.
Green acquired 100% of Vega on January 1, 2009, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2009, 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 December 31, 2013, consolidated common stock.


Definitions:

Patient

An individual who is receiving medical care or treatment from healthcare professionals.

Standardized Care Plan

A structured approach to patient care that outlines specific interventions and expected outcomes, based on evidence and best practices.

Individualizing

Tailoring approaches, interventions, or treatments to meet the specific needs or characteristics of an individual.

Impaired Walking

Difficulty or inability to walk normally due to physical or neurological conditions, affecting mobility and independence.

Related Questions