Bullen Inc

question 16

Multiple Choice

Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 2013. 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 preferred stock with a par value of $240,000 and a fair value of $500,000 for all of the outstanding shares of Vicker in an acquisition business combination. What will be the balance in the consolidated Inventory and Land accounts?

• A) $440,000, $496,000.
• B) $440,000, $520,000.
• C) $425,000, $505,000.
• D) $400,000, $500,000.
• E) $427,000, $510,000.

---

Definitions:

Mosques

Islamic places of worship where Muslims can gather for prayer, reflection, and community activities, known for their distinctive architectural styles.

Mecca

A city in Saudi Arabia that is the holiest city in Islam; it is the birthplace of the Prophet Muhammad and the site of the Kaaba, towards which Muslims face when praying.

Oriented

Positioning or aligning something relative to the points of a compass or other specified directions.

Kaaba

Arabic, “cube.” A small cubical building in Mecca, the symbolic center of the Islamic world.