Green Corporation and Vega Company

SB Following are selected accounts for Green…Following are selected accounts for Green Corporation and Vega Company as of December 31, 2020. Several of Green’s accounts have been omitted. Green VegaRevenues$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, 1/1/2020 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 1,2016, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2016, 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, 2020, consolidated total expenses.Compute the December 31, 2020, consolidated buildings.Compute the December 31, 2020, consolidated equipment.Compute the December 31, 2020, consolidated land.Compute the December 31, 2020, consolidated trademark.Compute the December 31, 2020, consolidated common stockCompute the December 31, 2020 consolidated retained earnings.Compute the December 31, 2020, consolidated revenues.

20% OFF on your first order








Let’s Get Started

Team with top experts around the globe to succeed in learning


How it works

If you are looking for the best essay writing services for cheap, then you have come to the right place. specializes in custom academic papers for all levels of students. From high school students to college graduates and undergraduates, all the way up to university students at master’s degree and even doctoral levels.

Place an order

Fill out the order form. Attach any custom instructions.

Make Payment

Pay online safely with major platforms.

Writing Process

We’ll assign your paper to the most suitable writer & editor.

Get your Order

Once complete, we’ll send the paper to your email.