Business
Business, 17.09.2019 21:00, laylalucifer

On june 30, 2017, wisconsin, inc., issued $200,200 in debt and 19,300 new shares of its $10 par value stock to badger company owners in exchange for all of the outstanding shares of that company. wisconsin shares had a fair value of $40 per share. prior to the combination, the financial statements for wisconsin and badger for the six-month period ending june 30, 2017, were as follows: wisconsin badger revenues $ (1,050,000) $ (402,000) expenses 732,000 293,000 net income $ (318,000) $ (109,000) retained earnings, 1/1 $ (810,000) $ (223,000) net income (318,000) (109,000) dividends declared 103,000 0 retained earnings, 6/30 $ (1,025,000) $ (332,000) cash $ 72,000 $ 86,000 receivables and inventory 460,000 252,000 patented technology (net) 928,000 328,000 equipment (net) 726,000 648,000 total assets $ 2,186,000 $ 1,314,000 liabilities $ (531,000) $ (512,000) common stock (360,000 ) (200,000) additional paid-in capital (270,000) (270,000) retained earnings (1,025,000) (332,000) total liabilities and equities $ (2,186,000) $ (1,314,000) note: parentheses indicate a credit balance. wisconsin also paid $36,200 to a broker for arranging the transaction. in addition, wisconsin paid $47,800 in stock issuance costs. badger’s equipment was actually worth $780,000, but its patented technology was valued at only $299,200.what are the consolidated balances for the following accounts? (input all amounts as positive ) net income (b) retained earnings 1/1/15 (c) patented technology (d) goodwill(e) liabilities (f) common stock(g) additional paid-in capital

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On june 30, 2017, wisconsin, inc., issued $200,200 in debt and 19,300 new shares of its $10 par valu...

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