Following Are Selected Accounts for Green Corporation and Vega Company

question 60

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. 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 additional paid-in capital.

• A) $210,000.
• B) $75,000.
• C) $1,102,500.
• D) $942,500.
• E) $525,000.

---

Definitions:

Social Darwinism

Spencer’s assertion that societies evolve according to the same principles as do biological organisms.

Sociological Imagination

Sociological Imagination is the ability to see the connection between personal experiences and larger social forces, recognizing that individual challenges are often influenced by broader societal issues.

George Herbert-Mead

A sociologist known for his work on the development of the self and the concept of social behaviorism, emphasizing the importance of communication and symbolic interactions in society.

The I

In sociology, refers to the subjective and spontaneous part of the self that represents personal responses and actions in social interaction.