- Following Are Selected Accounts For Green Corporation And Vega Company As Of December 31 2023 Several Of Green S Accou 1 (30.5 KiB) Viewed 69 times
- Following Are Selected Accounts For Green Corporation And Vega Company As Of December 31 2023 Several Of Green S Accou 2 (15.78 KiB) Viewed 69 times
Following are selected accounts for Green Corporation and Vega
Company as of December 31, 2023. Several of Green's accounts have been omitted 3 Vega $ 500,000 200,000 40,000 60,000 Book Revenues Cost of goods sold Depreciation expense Other expenses Equity in Vega's income Retained earnings, 1/1/2023 Dividends Current assets Land Building (net) Equipment (net) Liabilities Common stock Additional paid-in capital Green $ 900.000 360,000 240,000 100,000 7 1,350,000 195,000 300,000 450,000 750,000 300,000 600,000 450,000 75,000 1,200,000 80,000 1,380,000 180,000 280,000 500,000 620,000 80,000 320,000 Green acquired 100% of Vegn on January 1, 2019, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per Share on January 1, 2019, Vega's land was undervalued by 540,000, is buildings were overvalued by $30,000, and equipment was undervalued by $90.000 The buildings have a 20-year life and the equipment has a 10-year life $50,000 was attributed to an unrecorded trademark with a 16 year remaining life There was no goodwill associated with this investment Compute the December 31, 2023, consolidated trademark Multiple Choice
3 Compute the December 31, 2023, consolidated trademark 10 Multiple Choice 146.875 $36375 $37.500 50 350.000