On June 30, 2017, Wisconsin, Inc., issued $300,000 in debt and 15,000 new shares of its $10

Question:

On June 30, 2017, Wisconsin, Inc., issued $300,000 in debt and 15,000 new shares of its $10 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 for Wisconsin and Badger for the six-month period ending June 30, 2017, were as follows:

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?
a. Net income.
b. Retained earnings, 1/1/17.
c. Patented technology.
d. Goodwill.
e. Liabilities.
f. Common stock.
g. Additional paid-in capital.

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A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for... Par Value
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