Figure:
Prior to Being United in a Business Combination, Botkins

question 70

Multiple Choice

Figure:
Prior to being united in a business combination, Botkins Inc. and Volkerson Corp. had the following stockholders' equity figures: $\begin{array}{lrrrr} & {\text { Botkins }} & & \text { Volkerson } \\\text { Common stock (\$1 par value) } & \$ 220,000 & & \$ 54,000 \\\text { Additional paid-in capital } & 110,000 & & 25,000 \\\text { Retained earnings } & 360,000 & & 130,000\end{array}$ Botkins issued 56,000 new shares of its common stock valued at $3.25 per share for all of the outstanding stock of Volkerson.
-Chapel Hill Company had common stock of $350,000 and retained earnings of $490,000. Blue Town Inc. had common stock of $700,000 and retained earnings of $980,000. On January 1, 2011, Blue Town issued 34,000 shares of common stock with a $12 par value and a $35 fair value for all of Chapel Hill Company's outstanding common stock. This combination was accounted for as an acquisition. Immediately after the combination, what was the consolidated net assets?

• A) $2,520,000.
• B) $1,190,000.
• C) $1,680,000.
• D) $2,870,000.
• E) $2,030,000.

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Definitions:

Whites

Refers to individuals or populations characterized by lighter skin pigmentation, often used in the context of discussing racial and ethnic identities.

Diversity Training

Refers to educational programs or workshops focused on improving participants' understanding and appreciation of differences among people, including race, gender, sexuality, and culture.

White Nationalism

The belief that the nation should be built around a white identity that is reflected in religion, politics, economics, and culture.

White Identity

A concept relating to how individuals of European descent understand and perceive their racial and cultural identity in societal contexts.