How much is the consolidated total assets?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
a. 1,992,000
b. 1,972,000
c. 1,954,000
d. 1,965,000

Transcribed Image Text:ABC Co. acquired 60% interest in DEF Co. On January 1,2021. Information on the combining entities' accounts right
after the business combination follows:
ABC Co. (carrying Amount)
DEF Co. (carrying Amount)
Other Assets
1,296,000
444,000
Investment in Subsidiary
360,000
(240,000)
(96,000)
348,000
Liabilities
Net assets
1,416,000
How much is the consolidated total assets?
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