Business
Business, 09.10.2019 16:30, Annabeans1105

On june 30, 2017, wisconsin, inc., issued $300,000 in debt and 15,000 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 $ (900,000 ) $ (300,000 ) expenses 660,000 200,000 net income $ (240,000 ) $ (100,000 ) retained earnings, 1/1 $ (800,000 ) $ (200,000 ) net income (240,000 ) (100,000 ) dividends declared 90,000 0 retained earnings, 6/30 $ (950,000 ) $ (300,000 ) cash $ 80,000 $ 110,000 receivables and inventory 400,000 170,000 patented technology (net) 900,000 300,000 equipment (net) 700,000 600,000 total assets $ 2,080,000 $ 1,180,000 liabilities $ (500,000 ) $ (410,000 ) common stock (360,000 ) (200,000 ) additional paid-in capital (270,000 ) (270,000 ) retained earnings (950,000 ) (300,000 ) total liabilities and equities $ (2,080,000 ) $ (1,180,000 ) wisconsin also paid $30,000 to a broker for arranging the transaction. in addition, wisconsin paid $40,000 in stock issuance costs. badger’s equipment was actually worth $700,000, but its patented technology was valued at only $280,000. what are the consolidated balances for the following accounts?

what are the consolidated balances for the following accounts? (input all amounts as positivevalues)accountsamountsa. net income.210,000b. retained earnings, 1/1/17.800,000c. patented technology.1,180,000d. goodwill.50,000e. liabilities.1,210,000f. common stock.510,000g. additional paid­in capital.680,000references

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On june 30, 2017, wisconsin, inc., issued $300,000 in debt and 15,000 new shares of its $10 par valu...

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