Bullen Inc

question 22

Multiple Choice

Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 20X1. 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 12,000 shares of common stock with a $5 par value and a $42 fair value for all of the outstanding stock of Vicker. What is the consolidated balance for Land as a result of this acquisition transaction?

• A) $460,000.
• B) $510,000.
• C) $500,000.
• D) $520,000.
• E) $490,000.

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Definitions:

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A fee assessed for payments made after their due date.

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A law at the federal level in the U.S. that aims to encourage the knowledgeable use of consumer credit through mandates on disclosures regarding its terms and expenses.

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Proposals extended by lenders to potential borrowers detailing the terms under which credit can be extended.