On December 31, 20X1, Par Inc reported total assets of $572,395, while Sub Corp reported total...
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On December 31, 20X1, Par Inc reported total assets of $572,395, while Sub Corp reported total assets of $114,471. The fair values of Sub's assets and liabilities on the same date were $142,709 and $32,817 respectively. On the morning of January 1, 20X2, Par agreed to acquire 100% of Sub for a total value of 78.57% of Sub for a total value of $190,790 by paying cash. On the consolidated balance sheet immediately after the acquisition, what should be the total assets reported by the combined entity under the identifiable-net-assets (INA) method? a. $613,043 O b. $628,762 O c. $597,324 O d. $581,605 O e. $644,481 On December 31, 20X1, Par Inc reported total assets of $572,395, while Sub Corp reported total assets of $114,471. The fair values of Sub's assets and liabilities on the same date were $142,709 and $32,817 respectively. On the morning of January 1, 20X2, Par agreed to acquire 100% of Sub for a total value of 78.57% of Sub for a total value of $190,790 by paying cash. On the consolidated balance sheet immediately after the acquisition, what should be the total assets reported by the combined entity under the identifiable-net-assets (INA) method? a. $613,043 O b. $628,762 O c. $597,324 O d. $581,605 O e. $644,481
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Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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