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B Corporation acquired 100% of C Corporation's outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets of both corporations reported the following: B Assets $2,000,000 $750,000 Liabilities $ 750,000 $400,000 Common Stock 1,000,000 310,000 Retained Earnings 250,000 40,000 At the date of purchase, the fair value of C assets was $50,000 more than the book value. In conselidated balance sheet prepared immediately after the purchase, the consolidated goodwill should ameunt to Setect one: a. 30,000 b. 50,000 C. 40,000 d. 60,000

B Corporation acquired 100% of C Corporation's outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets of both corporations reported the following: B Assets $2,000,000 $750,000 Liabilities $ 750,000 $400,000 Common Stock 1,000,000 310,000 Retained Earnings 250,000 40,000 At the date of purchase, the fair value of C assets was $50,000 more than the book value. In conselidated balance sheet prepared immediately after the purchase, the consolidated goodwill should ameunt to Setect one: a. 30,000 b. 50,000 C. 40,000 d. 60,000

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 4MCQ
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الامتحان الد المحاسبة المتقدمة نظری B Corporation acquired 100% of C Corporation's outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets of both corporations Feported the following: Assets $2,000,000 $750,000 Liabilities $750,000 $400,000 Common Stock 1,000,000 310,000 Retained Earnings 250,000 40,000 At the date of purchase, the fair value of C assets was $50,000 more than the book value. In the conselidated balance sheet prepared immediately after the purchase, the consolidated goodwill should ameunt to Setect one: a. 30,000 b. 50,000 C. 40,000 d. 60,000 rch
Transcribed Image Text:الامتحان الد المحاسبة المتقدمة نظری B Corporation acquired 100% of C Corporation's outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets of both corporations Feported the following: Assets $2,000,000 $750,000 Liabilities $750,000 $400,000 Common Stock 1,000,000 310,000 Retained Earnings 250,000 40,000 At the date of purchase, the fair value of C assets was $50,000 more than the book value. In the conselidated balance sheet prepared immediately after the purchase, the consolidated goodwill should ameunt to Setect one: a. 30,000 b. 50,000 C. 40,000 d. 60,000 rch
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