Prior to Being United in a Business Combination, Botkins Inc

question 92

Multiple Choice

Prior to being united in a business combination, Botkins Inc. and Volkerson Corp. had the following stockholders' equity figures:
Botkins issued 56,000 new shares of its common stock valued at $3.25 per share for all of the outstanding stock of Volkerson.
Assume that Botkins acquired Volkerson on January 1, 2010. Immediately afterwards, what is consolidated Common Stock?

• A) $456,000.
• B) $402,000.
• C) $274,000.
• D) $276,000.
• E) $330,000.

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