What are consolidated additional paid-in capital

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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)

$ 253,000

$        53,000

Additional paid-in capital

126,500

24,000

Retained earnings

305,000

137,250

Question 1: Atkins issues 68,750 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?

Reference no: EM132465877

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