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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2d459dfe-4fad-4fe9-8d23-9b599a7ef7b6%2Fc4d09af3-b9a6-4176-b31c-ba44be2b9dba%2Fl3szyi_processed.jpeg&w=3840&q=75)
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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