Parent and Sub Inc. had the following balance sheets on December 31,2018: On January 1, 2019 Parent
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Question:
Parent and Sub Inc. had the following balance sheets on December 31,2018:
On January 1, 2019 Parent purchased all of Sub Inc 's Common Shares for $40,000 in ca that date, Sub's Current Assets and Fixed Assets were worth $26,000 and $54,000, respect Assuming that Consolidated Financial Statements were prepared on that date, answer the following:
The Shareholders' Equity section of the Consolidated Balance Sheet would show what amount? A) $121,000
B) 598,000
C) $90,000
D) 519,000
Related Book For
Intermediate Accounting 2014 FASB Update
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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