Answer:
$504,000
Explanation:
Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares of Vicker.
The consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisition transaction will be:
Journal entries
Dr. Cash (12000 shares x $47)..................................$564,000
Cr. Common Stock (12,000 shares x $5).................................$60,000
Cr. Additional Paid-In Capital [(12,000 shares x ($47-$5)].$504,000
Being issue of common of $5 per share at the price of $47 per share
Answer:
D. an excess of government spending over government revenues during a given time period.
Explanation:
A government deficit describes a situation where the government's expenditure exceeds the total revenue collected. The government's primary source of income is through taxation. A deficit arises as a result of government policy or the occurrence of unexpected events.
A government may finance the budget deficit by borrowing funds from the local market or international lenders. It may also issue bonds or treasury bills. The government may also cut down on its expenses, or raise taxes to address the budget deficit.
Impact theory says that the moon formed from the dust produced by a collision between Earth and another large body.
Answer: technological discovery; economic dislocation
Explanation:
In the scenario described, Karen had spotted an entrepreneurial opportunity that was created by the new extraction technique, or a technological discovery. When there's a technological discovery, there will be new opportunities for people.
The technological discovery created an oil boom or an economic dislocation. When there's a change in economic conditions as a result of displacement of some workers, we say the affected people have been dislocated from the affected economy, in terms of employment.
Anything called money will be "scarce" since for people to ascribe value to the money and make it worth of attainment, it can't be easily found. Otherwise everyone would have lots of money and its value would plummet.