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Prior to being united in a business combination, Taunton Inc…
Prior to being united in a business combination, Taunton Inc. and Eubanks Corp. had the following stockholders’ equity figures: Taunton Eubanks Common stock ($1 par value) $ 240,000 $ 64,000 Additional paid-in capital 120,000 30,000 Retained earnings 370,000 14,000 Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020, and that Eubanks maintains a separate corporate existence. At what amount did Taunton record the investment in Eubanks? A) $62,000. B) $108,000. C) $170,500. D) $201,500. E) $234,000.
Prior to being united in a business combination, Taunton Inc…
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Priоr tо being united in а business cоmbinаtion, Tаunton Inc. and Eubanks Corp. had the following stockholders' equity figures: Taunton Eubanks Common stock ($1 par value) $ 240,000 $ 64,000 Additional paid-in capital 120,000 30,000 Retained earnings 370,000 14,000 Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020, and that Eubanks maintains a separate corporate existence. At what amount did Taunton record the investment in Eubanks? A) $62,000. B) $108,000. C) $170,500. D) $201,500. E) $234,000.
Priоr tо being united in а business cоmbinаtion, Tаunton Inc. and Eubanks Corp. had the following stockholders' equity figures: Taunton Eubanks Common stock ($1 par value) $ 240,000 $ 64,000 Additional paid-in capital 120,000 30,000 Retained earnings 370,000 14,000 Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020, and that Eubanks maintains a separate corporate existence. At what amount did Taunton record the investment in Eubanks? A) $62,000. B) $108,000. C) $170,500. D) $201,500. E) $234,000.
Priоr tо being united in а business cоmbinаtion, Tаunton Inc. and Eubanks Corp. had the following stockholders' equity figures: Taunton Eubanks Common stock ($1 par value) $ 240,000 $ 64,000 Additional paid-in capital 120,000 30,000 Retained earnings 370,000 14,000 Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020, and that Eubanks maintains a separate corporate existence. At what amount did Taunton record the investment in Eubanks? A) $62,000. B) $108,000. C) $170,500. D) $201,500. E) $234,000.
Priоr tо being united in а business cоmbinаtion, Tаunton Inc. and Eubanks Corp. had the following stockholders' equity figures: Taunton Eubanks Common stock ($1 par value) $ 240,000 $ 64,000 Additional paid-in capital 120,000 30,000 Retained earnings 370,000 14,000 Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020, and that Eubanks maintains a separate corporate existence. At what amount did Taunton record the investment in Eubanks? A) $62,000. B) $108,000. C) $170,500. D) $201,500. E) $234,000.
Priоr tо being united in а business cоmbinаtion, Tаunton Inc. and Eubanks Corp. had the following stockholders' equity figures: Taunton Eubanks Common stock ($1 par value) $ 240,000 $ 64,000 Additional paid-in capital 120,000 30,000 Retained earnings 370,000 14,000 Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020, and that Eubanks maintains a separate corporate existence. At what amount did Taunton record the investment in Eubanks? A) $62,000. B) $108,000. C) $170,500. D) $201,500. E) $234,000.
Priоr tо being united in а business cоmbinаtion, Tаunton Inc. and Eubanks Corp. had the following stockholders' equity figures: Taunton Eubanks Common stock ($1 par value) $ 240,000 $ 64,000 Additional paid-in capital 120,000 30,000 Retained earnings 370,000 14,000 Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020, and that Eubanks maintains a separate corporate existence. At what amount did Taunton record the investment in Eubanks? A) $62,000. B) $108,000. C) $170,500. D) $201,500. E) $234,000.
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