Prior to being united in a business combination, Big Inc. and Little Inc. had the following information:                                                                                         Big                 Little                         Common Stock ($1 par value)           $ 180,000        $  45,000                         Additional Paid-in capital                       90,000            20,000                         Retained earnings                                  300,000         110,000               Big issues 51,000 new shares of its common stock valued at $3 per share for all the outstanding stock of Little.  Immediately afterward, what are consolidated Additional Paid-in Capital and Retained Earnings?

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A: Given that, Net income of ; Parent = $200,000  Subsidiary = $47,000

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A: Consolidated financial statements are the financial statements of a group consisting of multiple…

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A:

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A: Given information is: Prior to being united in a business combination, Atkins, Inc., and Waterson…

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A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

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A: Shares: Shares are the units of the total stock of a company that show the fractional ownership of…

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A: Since since no debt to the firms,Total assets of a firm = Number of shares * book value Existing…

Q: How much is the consolidated retained earnings?

A:

Q: Determine the consolidated balances which Peris would present on their consolidated balance sheet…

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A: The additional paid-in capital is the value of share capital above its par value. The additional…

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A: Common stock is the equity shares of the company held in the hands of the shareholders of the…

Q: Consider the following premerger information about Firm X and Firm Y: Firm X Firm Y $79,000 $14,000…

A: Mergers refer to when two existing companies merge into one new company. The companies merge because…

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A: Merger means where two or more companies comes together and one company merge into another company…

Q: How much is the consolidated total equity? *

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Q: ividend declaration

A: Property dividends are paid out of retained earnings. So, the journal entry is passed where retained…

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A: Particulars Dianne Company Corpuz Company Total Purchased-    Assets at FV 4200000…

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Q: Prepare the journal entries on HC Corporation's books to account for the business combination.

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Q: ly equal to their respective market values except the following as as follows: Invontorios (EICO…

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Q: The following are the balances of LITTLE Company and BOY Company as of January 1, 20x1. Dianne…

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Q: nsolidated balances which Peris would present on their consolidated balance sheet for the following…

A: A consolidated balance statement shows the financial position of a linked group of businesses. As a…

Q: Company P has internally generated net income of $200,000 (excludes share of subsidiary income).…

A: a.

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.