ABC co.A. 1,965,000B. 1,972,000C. 1,992,000D. 1,954,000 ABC Co. acquired 60% interest in DEF Co. On January 1,2021. Information on the combining entities' accounts rightafter the business combination follows:ABC Co. (carrying Amount)DEF Co. (carrying Amount)Other Assets1,296,000444,000Investment in Subsidiary360,000(240,000)(96,000)348,000LiabilitiesNet assets1,416,000How much is the consolidated total assets?

Consolidated financial statement According to IFRS, when a company has one or more subsidiaries,…

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Business

Accounting

How much is the consolidated total assets?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: accounting
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