O60 260 300 Land 300 120 130 Buildings (net) 1,200 220 280 Equipment 360 100 75 Accounts payable 480 60 60 Long-term liabilities 1,140 340 300 Common stock 1,000 80 Additional paid-in capital 200 Retained earnings 1,080 480 Assuming the combination occurred prior to 2009 and was accounted for under the purchase method, what amount will be rep consolidated retained earnings? Select one: O a. $1,350,000. O b. $1,535,000.
O60 260 300 Land 300 120 130 Buildings (net) 1,200 220 280 Equipment 360 100 75 Accounts payable 480 60 60 Long-term liabilities 1,140 340 300 Common stock 1,000 80 Additional paid-in capital 200 Retained earnings 1,080 480 Assuming the combination occurred prior to 2009 and was accounted for under the purchase method, what amount will be rep consolidated retained earnings? Select one: O a. $1,350,000. O b. $1,535,000.
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 24CE
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