Following Are Selected Accounts for Green Corporation and Vega Company

question 19

Multiple Choice

Following are selected accounts for Green Corporation and Vega Company as of December 31, 2015. Several of Green's accounts have been omitted. Green acquired 100% of Vega on January 1, 2011, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2011, 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, 2015, consolidated land.

• A) $220,000.
• B) $180,000.
• C) $670,000.
• D) $630,000.
• E) $450,000.

---

Definitions:

Hospital Formulary

A list of medications that are approved for use within a specific hospital, guiding physicians in prescribing drugs.

Prescriber

A healthcare professional authorized to write prescriptions for medication, including doctors, nurse practitioners, and physician assistants.

Pharmacist

A healthcare professional specialized in the science and practice of preparing, dispensing, and review of drugs, as well as providing additional clinical services.

Nurse

A healthcare professional who is trained to care for individuals who are sick or injured, providing a range of services including assessment, treatment, and education.