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What are consolidated Additional Paid-In Capital

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Question - 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)

$190,000

$106,000

Additional paid-in capital

95,000

50,500

Retained earnings

365,000

152,750

Atkins issues 75,500 new shares of its common stock valued at $4 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: EM132579585

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