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)	$ 180,000	$ 45,000
Additional paid-in capital	90,000	20,000
Retained earnings	300,000	110,000

Atkins issues 66,750 new shares of its common stock valued at $5 per share for all of the out­standing stock of Waterson. Immediately afterward, what are consolidated Additional Paid- In Capital and Retained Earnings, respectively?

a. $104,000 and $300,000.

b. $110,000 and $410,000.

c.$192,000 and $300,000.

d. $212,000 and $410,000.

Answer rating: 100% (QA)

Step 1 of 1 A Note the following Company A and Company W had the following stockholders equity figur... View the full answer