On June 3 0 , 2 0 2 3 , Wisconsin, Incorporated, issued $ 3 0 0
Question:
On June Wisconsin, Incorporated, issued $ in debt and new shares of its $ 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 $ per share. Prior to the combination, the financial statements for Wisconsin and Badger for the sixmonth period ending June were as follows credit balances in parentheses:
Items Wisconsin Badger
Revenues $ $
Expenses
Net income $ $
Retained earnings, $ $
Net income
Dividends declared
Retained earnings, $ $
Cash $ $
Receivables and inventory
Patented technology net
Equipment net
Total assets $ $
Liabilities $ $
Common stock
Additional paidin capital
Retained earnings
Total liabilities and equities $ $
Wisconsin also paid $ to a broker for arranging the transaction. In addition, Wisconsin paid $ in stock issuance costs. Badgers equipment was actually worth $ but its patented technology was valued at only $
Required:
What are the consolidated balances for the following accounts?
Advanced Accounting
ISBN: 978-1259444951
13th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni