Atkins Waterson Common stock ($1 par value). Additional paid-in capital. Retained earnings.. $ 180,000 $ 45,000 90,000 20,000 110,000 300,000
Atkins Waterson Common stock ($1 par value). Additional paid-in capital. Retained earnings.. $ 180,000 $ 45,000 90,000 20,000 110,000 300,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Prior to being united in a business combination, Atkins, Inc., and Waterson Corporation had the following
Atkins issues 51,000 new shares of its common stock valued at $3 per share for all of the outstanding stock of Waterson. Immediately afterward, what are consolidated Additional Paid-In Capital and
a. $104,000 and $300,000
b. $110,000 and $410,000
c. $192,000 and $300,000
d. $212,000 and $410,000

Transcribed Image Text:Atkins
Waterson
Common stock ($1 par value).
Additional paid-in capital.
Retained earnings..
$ 180,000
$ 45,000
90,000
20,000
110,000
300,000
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