Following are selected accounts for Green Corporation and Ve…

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Questions

Fоllоwing аre selected аccоunts for Green Corporаtion and Vega Company as of December 31, 2023. Several of Green's accounts have been omitted.     Green   Vega Revenues $ 900,000     $ 500,000   Cost of goods sold   360,000       200,000   Depreciation expense   140,000       40,000   Other expenses   100,000       60,000   Equity in Vega’s income   ?           Retained earnings, 1/1/2023   1,350,000       1,200,000   Dividends   195,000       80,000   Current assets   300,000       1,380,000   Land   450,000       180,000   Building (net)   750,000       280,000   Equipment (net)   300,000       500,000   Liabilities   600,000       620,000   Common stock   450,000       80,000   Additional paid-in capital   75,000       320,000     Green acquired 100% of Vega on January 1, 2019, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2019, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.Compute the December 31, 2023, consolidated revenues.                         A)    $1,400,000.                     B)    $800,000.            C)    $500,000.            D)    $1,590,375.            E)    $1,390,375.

Fоllоwing аre selected аccоunts for Green Corporаtion and Vega Company as of December 31, 2023. Several of Green's accounts have been omitted.     Green   Vega Revenues $ 900,000     $ 500,000   Cost of goods sold   360,000       200,000   Depreciation expense   140,000       40,000   Other expenses   100,000       60,000   Equity in Vega’s income   ?           Retained earnings, 1/1/2023   1,350,000       1,200,000   Dividends   195,000       80,000   Current assets   300,000       1,380,000   Land   450,000       180,000   Building (net)   750,000       280,000   Equipment (net)   300,000       500,000   Liabilities   600,000       620,000   Common stock   450,000       80,000   Additional paid-in capital   75,000       320,000     Green acquired 100% of Vega on January 1, 2019, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2019, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.Compute the December 31, 2023, consolidated revenues.                         A)    $1,400,000.                     B)    $800,000.            C)    $500,000.            D)    $1,590,375.            E)    $1,390,375.

Fоllоwing аre selected аccоunts for Green Corporаtion and Vega Company as of December 31, 2023. Several of Green's accounts have been omitted.     Green   Vega Revenues $ 900,000     $ 500,000   Cost of goods sold   360,000       200,000   Depreciation expense   140,000       40,000   Other expenses   100,000       60,000   Equity in Vega’s income   ?           Retained earnings, 1/1/2023   1,350,000       1,200,000   Dividends   195,000       80,000   Current assets   300,000       1,380,000   Land   450,000       180,000   Building (net)   750,000       280,000   Equipment (net)   300,000       500,000   Liabilities   600,000       620,000   Common stock   450,000       80,000   Additional paid-in capital   75,000       320,000     Green acquired 100% of Vega on January 1, 2019, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2019, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.Compute the December 31, 2023, consolidated revenues.                         A)    $1,400,000.                     B)    $800,000.            C)    $500,000.            D)    $1,590,375.            E)    $1,390,375.

Fоllоwing аre selected аccоunts for Green Corporаtion and Vega Company as of December 31, 2023. Several of Green's accounts have been omitted.     Green   Vega Revenues $ 900,000     $ 500,000   Cost of goods sold   360,000       200,000   Depreciation expense   140,000       40,000   Other expenses   100,000       60,000   Equity in Vega’s income   ?           Retained earnings, 1/1/2023   1,350,000       1,200,000   Dividends   195,000       80,000   Current assets   300,000       1,380,000   Land   450,000       180,000   Building (net)   750,000       280,000   Equipment (net)   300,000       500,000   Liabilities   600,000       620,000   Common stock   450,000       80,000   Additional paid-in capital   75,000       320,000     Green acquired 100% of Vega on January 1, 2019, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2019, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.Compute the December 31, 2023, consolidated revenues.                         A)    $1,400,000.                     B)    $800,000.            C)    $500,000.            D)    $1,590,375.            E)    $1,390,375.

Fоllоwing аre selected аccоunts for Green Corporаtion and Vega Company as of December 31, 2023. Several of Green's accounts have been omitted.     Green   Vega Revenues $ 900,000     $ 500,000   Cost of goods sold   360,000       200,000   Depreciation expense   140,000       40,000   Other expenses   100,000       60,000   Equity in Vega’s income   ?           Retained earnings, 1/1/2023   1,350,000       1,200,000   Dividends   195,000       80,000   Current assets   300,000       1,380,000   Land   450,000       180,000   Building (net)   750,000       280,000   Equipment (net)   300,000       500,000   Liabilities   600,000       620,000   Common stock   450,000       80,000   Additional paid-in capital   75,000       320,000     Green acquired 100% of Vega on January 1, 2019, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2019, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.Compute the December 31, 2023, consolidated revenues.                         A)    $1,400,000.                     B)    $800,000.            C)    $500,000.            D)    $1,590,375.            E)    $1,390,375.

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