On July TruData Company issues shares of its common stock with a $ par value and a $ fair value in exchange for all of Webstat Companys outstanding voting shares. Webstats precombination book and fair values are shown below along with book values for TruDatas accounts.
TruData Webstat Webstat
Book Values Book Values Fair Values
Revenues to $ $
Expenses to
Retained earnings,
Cash and receivables $
Inventory
Patented technology net
Land
Buildings and equipment net
Liabilities
Common stock
Additional paidin capital
On its acquisitiondate consolidated balance sheet, what amount should TruData report as retained earnings as of July
Multiple Choice
$
$
$
$
