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What are consolidated Additional Paid-in Capital

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Question - Prior to being united in a business combination, Big Inc. and Little Inc. had the following information:

 

Big

Little

Common Stock ($1 par value)

$180,000

$45,000

Additional Paid-in capital

90,000

20,000

Retained earnings

300,000

110,000

Big issues 51,000 new shares of its common stock valued at $3 per share for all the outstanding stock of Little. Immediately afterward, what are consolidated Additional Paid-in Capital and Retained Earnings?

Reference no: EM132868378

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