Beni Corporation acquired 100 percent of Carr Corporation’s outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets of both corporations reported the following:

At the date of purchase, the fair value of Carr’s assets was $50,000 more than the aggregate carrying amounts. In the consolidated balance sheet prepared immediately after the purchase, the consolidated stockholders’ equity should amount to

a. $1,680,000.

b. $1,650,000.

c. $1,600,000.

d. $1,250,000.

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Assets Liabilities Common Stock Retained Earnings Liabilities & Stockholders' Equity Beni Carr $2.000.000 $ 750,000 1,000,000 $750.000 $100,000 310, 000 250,000 $2,000,000 40,000 $750,000