Following are selected accounts for Green Corporation and Vega Company as of December 31,2023. Several...
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Accounting
Following are selected accounts for Green Corporation and Vega Company as of December Several of Green's accounts have been omitted. Green Vega Revenues $ $ Cost of goods sold Depreciation expense Other expenses Equity in Vegas income Retained earnings, Dividends Current assets Land Building net Equipment net Liabilities Common stock Additional paidin capital Green acquired of Vega on January by issuing shares of its $ par value common stock with a fair value of $ per share. On January Vega's land was undervalued by $ its buildings were overvalued by $ and equipment was undervalued by $ The buildings have a year life and the equipment has a year life. $ was attributed to an unrecorded trademark with a year remaining life. There was no goodwill associated with this investment. Compute the book value of Vega at January
Following are selected accounts for Green Corporation and Vega Company as of December Several of Green's accounts have been omitted.
Green Vega
Revenues $ $
Cost of goods sold
Depreciation expense
Other expenses
Equity in Vegas income
Retained earnings,
Dividends
Current assets
Land
Building net
Equipment net
Liabilities
Common stock
Additional paidin capital
Green acquired of Vega on January by issuing shares of its $ par value common stock with a fair value of $ per share. On January Vega's land was undervalued by $ its buildings were overvalued by $ and equipment was undervalued by $ The buildings have a year life and the equipment has a year life. $ was attributed to an unrecorded trademark with a year remaining life. There was no goodwill associated with this investment.
Compute the book value of Vega at January
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