Alpha Corporation and Beta Inc. agreed to a business combination. Prior to the merger, they reported the following stockholders' equity: Alpha Beta Common stock ($2 par value) $500,000 $150,000 Additional paid-in capital Retained earnings $300,000 $75,000 $850,000 $225,000 Alpha issued 60,000 new shares of its common stock valued at $12 per share for all outstanding stock of Beta. Assume that Alpha acquired Beta on March 15, 2024. At what amount did Alpha record the investment in Beta?

Alpha Corporation and Beta Inc. agreed to a business combination. Prior to the merger, they reported the following stockholders' equity: Alpha Beta Common stock ($2 par value) $500,000 $150,000 Additional paid-in capital Retained earnings $300,000 $75,000 $850,000 $225,000 Alpha issued 60,000 new shares of its common stock valued at $12 per share for all outstanding stock of Beta. Assume that Alpha acquired Beta on March 15, 2024. At what amount did Alpha record the investment in Beta?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 8EB: Juniper Company is authorized to issue 5,000,000 shares of $2 par value common stock. In conjunction...

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Juniper Company is authorized to issue 5,000,000 shares of $2 par value common stock. In conjunction with its incorporation process and the IPO, the company has the following transaction: Mar. 1, issued 4,000 shares of stock in exchange for equipment worth $250,000. Journalize the transaction.
Effective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys common stock and an increase in authorized common shares from 100,000 shares (par value 20 per share) to 200,000 shares (par value 10 per share). Baltimores shareholders equity items immediately before issuance of the stock split shares were as follows: What should be the balances in Baltimores Additional Paid-in Capital and Retained Earnings accounts immediately after the stock split is effected?
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Based on the picture, how much is the net increase in the shareholder's equity of David Guetta Company as a result of business combination?