What are consolidated additional paid- in capital, Accounting Basics

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What are consolidated additional paid- in capital

Prior to being united in a business combination, Atkins, Inc., and Waterson Corporation had the following stockholders' equity figures:

Atkins Waterson
Common stock ($1 par value) $201,000 $ 87,000
Additional paid-in capital 100,500 41,000
Retained earnings 310,000 174,750

Atkins issues 72,000 new shares of its common stock valued at $4 per share for all of the outstanding stock of Waterson. Immediately afterward, what are consolidated Additional Paid- In Capital and Retained Earnings, respectively?

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Accounting Basics: What are consolidated additional paid- in capital

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Accounting Basics: What are consolidated additional paid- in capital

Reference No:- TGS047661

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Recent Questions Asked Accounting Basics

Q : Personally liable for the entity debts

Q : Problem based on partnership interest at year-end

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Q : How much should beasley record as total assets

Q : What are consolidated additional paid- in capital

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What are consolidated additional paid- in capital

Reference No:- TGS047661

Recent Questions Asked Accounting Basics

Q : Personally liable for the entity debts

Q : Problem based on partnership interest at year-end

Q : How much is reported for goodwill

Q : How much should beasley record as total assets

Q : What are consolidated additional paid- in capital

Q : How much goodwill should be recognized

Q : Tax return as ordinary income

Q : Holding period of the contributing partner interest

Q : Congress rationale for limiting the taxable years

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