Figure:
Carnes Has the Following Account Balances as of May

question 28

Multiple Choice

Figure:
Carnes has the following account balances as of May 1, 2010 before an acquisition transaction takes place. $$\begin{array} { l r } \text { Inventory } & \$ 100,000 \\\text { Land } & 400,000 \\\text { Buildings (net) } & 500,000 \\\text { Common stock ( } \$ 10 \text { par) } & 600,000 \\\text { Additional paid-in capital } & 200,000 \\\text { Retained Earnings } & 200,000 \\\text { Revenues } & 450,000 \\\text { Expenses } & 250,000\end{array}$$ The fair value of Carnes' Land and Buildings are $650,000 and $550,000, respectively. On May 1, 2010, Riley Company issues 30,000 shares of its $10 par value ($25 fair value) common stock in exchange for all of the shares of Carnes' common stock. Riley paid $10,000 for costs to issue the new shares of stock. Before the acquisition, Riley has $700,000 in its common stock account and $300,000 in its additional paid-in capital account.
-What will be Riley's balance in its common stock account as a result of this acquisition?

• A) $300,000.
• B) $990,000.
• C) $1,000,000.
• D) $1,590,000.
• E) $1,600,000.

Recognize the importance of human psychological theories in volunteer and staff management.

Understand the significance of proper volunteer management procedures and their impact on organizational effectiveness.

Grasp the concept of diversity and its importance in strengthening nonprofit organizations.

Acknowledge the legal implications and management practices necessary for the effective utilization of volunteers.

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Definitions:

Eating Disorder

A mental disorder characterized by abnormal or disturbed eating habits, which can severely impact one's health and emotional well-being.

Purging

The act of removing or getting rid of something unwanted, can refer to physical, emotional, or digital contexts; also associated with eating disorders.

Heart Failure

A chronic condition where the heart is unable to pump blood effectively enough to meet the body's needs, leading to a variety of symptoms and health issues.

Solid Foods

Foods that are not liquid or pureed, typically introduced to infants around 6 months of age to complement breast milk or formula feeding.