subject
Business, 08.07.2021 17:10 Robinlynn228

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

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 14:00
Why is efficiency an important economic goal?
Answers: 2
question
Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
question
Business, 22.06.2019 19:50
Bulldog holdings is a u.s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship
Answers: 2
question
Business, 22.06.2019 21:30
Providing a great shopping experience to customers is one of the important objectives of purple fashions inc., a clothing store. to achieve this objective, the company has a team of committed customer service professionals whose job is to ensure that customers get exactly what they want. this scenario illustrates that purple fashions is trying to achieve
Answers: 1
You know the right answer?
Beni Corp. purchased 100% of Carr Corp.'s outstanding capital stock for $430,000 cash. Immediately b...
Questions
question
Mathematics, 13.06.2020 15:57