30. On January 1 2021 parent co. acquired 80% of subsidiary inc.’s outstanding stocks for 1,600,000 cash. subsidiary inc balance sheet shows 3,000,000 identifiable assets and 1,800,000 liabilities. all assets and liabilities of setter are fairly valued, except for an undervalued equipment. the stock acquisition resulted to a goodwill of 700,000. assume parent had 5,100,000 total assets prior to the said transaction. NCI is measured at fair value. How much is the total assets in the consolidated balance sheet after the stock acquisition?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.