Bullen Inc

question 118

Multiple Choice

Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 20X1. The book value and fair value of Vicker's accounts on that date (prior to creating the combination) follow, along with the book value of Bullen's accounts:
Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value to obtain all of Vicker's outstanding stock. In this acquisition transaction, how much goodwill should be recognized?

• A) $144,000.
• B) $104,000.
• C) $64,000.
• D) $60,000.
• E) $0.

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Definitions:

Mood Stabilizers

Medications used to treat mood disorders, such as bipolar disorder, by regulating mood swings and reducing manic and depressive episodes.

Social Phobia

A chronic mental health condition characterized by an intense, irrational fear of being watched, judged, or humiliated in social situations, leading to significant anxiety and avoidance.

Anti-anxiety Medications

Drugs prescribed to alleviate symptoms of anxiety by affecting the central nervous system.

Antidepressants

Medications used to treat depression and other conditions by adjusting the balance of neurotransmitters in the brain.