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. Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $42 fair value for all of the outstanding shares of Vicker. What will be the consolidated Additional Paid-In Capital and Retained Earnings (January 1, 20X1 balances) as a result of this acquisition transaction? A. $60,000 and $490,000. B. $60,000 and $250,000. C. $380,000 and $250,000. D. $464,000 and $250,000. E. $464,000 and $420,000.
Bullen In1 19.docx

Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 20X1. The
book value and fair value of Vicker's accounts on that date (prior to creating the combination)
follow, along with the book value of Bullen's accounts:

19. Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $42 fair
value for all of the outstanding shares of Vicker. What will be the consolidated Additional PaidIn Capital and Retained Earnings (January 1, 20X1 balances) as a result of this acquisition
transaction?
A. $60,000 and $490,000.
B. $60,000 and $250,000.
C. $380,000 and $250,000.
D. $464,000 and $250,000.
E. $464,000 and $420,000.

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Accounting.doc

Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 20X1. The
book value and fair value of Vicker's accounts on that date (prior to creating the combination)
follow,...

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