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) | $ 180,000 | $ 45,000 |
Additional paid-in capital | 90,000 | 20,000 |
Retained earnings | 300,000 | 110,000 |
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 Retained Earnings, respectively?
a. $104,000 and $300,000.
b. $110,000 and $410,000.
c.$192,000 and $300,000.
d. $212,000 and $410,000.
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