Question
Following are selected accounts for Green Corporation and Vega Company as of December 31, 2023. Several of Greens accounts h
210000
75000
1102500
942500
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer: $75,000

Explanation:

Under consolidation of financial statement, the consolidated common stock & consolidated additional paid-in capital represents the standalone balance of common stock & additional paid-in capital of the parent company.    

December 31, 2023, consolidated additional paid-in capital = Additional paid-in capital of Green corporation = $75,000.

Add a comment
Know the answer?
Add Answer to:
210000 75000 1102500 942500 Following are selected accounts for Green Corporation and Vega Company as of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • QUESTION 11 12 Following are selected accounts for Ford Corporation and Chevy Company as of December...

    QUESTION 11 12 Following are selected accounts for Ford Corporation and Chevy Company as of December 31, 2020. Several of Ford's accounts have been omitted Ford $ 0.00 30000 Chevy $ 0.00 30 Cast of boods sold Depreconcerte Other Fourty in Chew's income 1 1 Dudens Current Land Dude 10000 10000 300 000 0.000 750.000 00 300 500.000 30 000 450.000 00 Additional Ford acquired 100% of Chew on January 1, 2016, by istuin 10.500 shares of its 510 par...

  • Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2018. Several...

    Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2018. Several of Mergaronite’s accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same period. Mergaronite Hill Revenues $(600,000) $(250,000) Cost of goods sold 280,000 100,000 Depreciation expense 120,000 50,000 Investment income Not given NA Retained earnings, 1/1/18 (900,000) (600,000) Dividends declared 130,000 40,000 Current assets 200,000 690,000 Land 300,000 90,000 Buildings (net) 500,000 140,000 Equipment (net) 200,000...

  • Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2018. Several...

    Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2018. Several of Mergaronite’s accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same period. Mergaronite Hill Revenues $(600,000) $(250,000) Cost of goods sold 280,000 100,000 Depreciation expense 120,000 50,000 Investment income Not given NA Retained earnings, 1/1/18 (900,000) (600,000) Dividends declared 130,000 40,000 Current assets 200,000 690,000 Land 300,000 90,000 Buildings (net) 500,000 140,000 Equipment (net) 200,000...

  • 2. Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2018. Several of Mer...

    2. Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2018. Several of Mergaronite's accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same period. Hill Mergaronite $(600.000) 280,000 $(250,000 Revenues Cost of goods sold. . Depreciation expense . 100,000 50,000 120,000 NA Not given (900,000) 130,000 200,000 300,000 500,000 Investment income . (600,000) 40,000 Dividends declared. 690,000 90,000 140,000 Land. Buildings (net) Equipment (net) Liabilities ....

  • The following are selected accounts and balances for Mergaronite Company and Hill, Inc., as of December...

    The following are selected accounts and balances for Mergaronite Company and Hill, Inc., as of December 31, 2021. Several of Mergaronite's accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same period. Revenues Cost of goods sold Depreciation expense Investment income Retained earnings, 1/1/21 Dividends declared Current assets Land Buildings (net) Equipment (net) Liabilities Common stock Additional paid-in capital Mergaranite Hill $ (620, eee) $ (254,000) 282,000 114,000 114, eee 60, eee...

  • Daniels Company reports the following year-end account balances at December 31, 2017. Accounts payable …………….. $20,000...

    Daniels Company reports the following year-end account balances at December 31, 2017. Accounts payable …………….. $20,000 Inventory …………………… $40,000 Accounts receivable ………….. $40,000 Land ………………………... $100,000 Bonds payable, long-term …… $250,000 Goodwill ……………………. $10,000 Buildings ……………………….. $160,000 Retained earnings ………… $115,000 Cash ……………………………. $50,000 Sales revenue ……………... $500,000 Common stock ………………… $100,000 Supplies inventory ………… $5,000 Cost of goods sold ……………. $200,000 Supplies expense …………. $20,000 Equipment ……………………... $80,000 Wages expense …………… $100,000 What is Daniels Company’s net income for...

  • Please show work Balance at Dec 2020 ($) Land Land Improvement Buildings Equipments   Selected accounts included...

    Please show work Balance at Dec 2020 ($) Land Land Improvement Buildings Equipments   Selected accounts included in the property, plant, and equipment section of Lobo Corporation's balance sheet at December 31, 2019, had the following balances. Land Land improvements Buildings Equipment $300,000 140,000 1,100,000 960,000 During 2020, the following transactions occurred. 1. A tract of land was acquired for $150,000 as a potential future building site. 2. A plant facility consisting of land and building was acquired from Mendota Company...

  • Following are financial statements for Moore Company and Kirby Company for 2018: Moore Kirby Sales $...

    Following are financial statements for Moore Company and Kirby Company for 2018: Moore Kirby Sales $ (800,000 ) $ (600,000 ) Cost of goods sold 500,000 400,000 Operating and interest expenses 100,000 160,000 Net income $ (200,000 ) $ (40,000 ) Retained earnings, 1/1/18 $ (990,000 ) $ (550,000 ) Net income (200,000 ) (40,000 ) Dividends declared 130,000 0 Retained earnings, 12/31/18 $ (1,060,000 ) $ (590,000 ) Cash and receivables $ 217,000 $ 180,000 Inventory 224,000 160,000 Investment...

  • Following are financial statements for Moore Company and Kirby Company for 2018: Moore Kirby Sales $...

    Following are financial statements for Moore Company and Kirby Company for 2018: Moore Kirby Sales $ (800,000 ) $ (600,000 ) Cost of goods sold 500,000 400,000 Operating and interest expenses 100,000 160,000 Net income $ (200,000 ) $ (40,000 ) Retained earnings, 1/1/18 $ (990,000 ) $ (550,000 ) Net income (200,000 ) (40,000 ) Dividends declared 130,000 0 Retained earnings, 12/31/18 $ (1,060,000 ) $ (590,000 ) Cash and receivables $ 217,000 $ 180,000 Inventory 224,000 160,000 Investment...

  • P10-4 Webb Corporation prepares financial statements in accordance with IFRS. Selected accounts included in the property,...

    P10-4 Webb Corporation prepares financial statements in accordance with IFRS. Selected accounts included in the property, plant, and equipment section of the company's statement of financial position at December 31, 2016, had the following balances: Land $ 300,000 Land Improvements 140,000 Buildings 1,100,000 Equipment 960,000 During 2017, the following transactions occurred: 1.A tract of land was acquired for $150,000 as a potential future building site. 2.A plant facility consisting of land and a building was acquired from Knorman Corp. for...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT