Balance sheet information for Pawn Company and its 90% owned subsidiary, Sox Corporation, at December 31, 2016, is summarized as follow:

Pawn acquired its interest in Sox for cash at book value several years ago when Sox's assets and liabilities were equal to their fair values.

The consolidate balance sheet of Pawn and Sox at December 31, 2016, will show

a. Non-controlling interest, $65,000

c. Investment in Sioux, $558,000

d. Retained earnings, $1,078,000

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Current assets-net Property, plant, and equipment-net Investment in Sox Total assets Current liabilities Capital stock Retained earnings $200,000 1,000,000 558,000 $ 1,758,000 $100,000 $800,000 $858,000 $1,758,000 50,000 600,000 $650,000 $30,000 $400,000 220,000 $650,000 Current assets-net Property, plant, and equipment-net Investment in Sox Total assets Current liabilities Capital stock Retained earnings $200,000 1,000,000 558,000 $ 1,758,000 $100,000 $800,000 $858,000 $1,758,000 50,000 600,000 $650,000 $30,000 $400,000 220,000 $650,000

Answer rating: 100% (QA)

Capital stock 800000 Working notes for the answer In the consolidated balance ... View the full answer