Business, 10.12.2019 06:31 missmychiefrkt0
Beni corp. purchased 100% of carr corp.'s outstanding capital stock for $430,000 cash. immediately before the purchase, the balance sheets of both corporations reported the following:
beni carr
assets $2,000,000 $750,000
liabilities $750,000 $400,000
common stock 1,000,000 310,000
retained earnings __250,000 __40,000
liabilities and stockholders' equity $2,000,000 $750,000
on 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
Answers: 2
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Answers: 3
Beni corp. purchased 100% of carr corp.'s outstanding capital stock for $430,000 cash. immediately b...
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