Examlex
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 revenues.
Self-sufficiency
The ability of an individual or community to meet their needs without external assistance, including producing food, goods, and services required for living.
Assisted Living
A residential option for seniors who need help with some daily activities like bathing, dressing, and medication management.
ADLs
Activities of Daily Living, which are routine activities people do every day without assistance, such as eating, bathing, dressing, and moving around.
Eating
The act of consuming food.
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