The balance sheet of Mini Company was as follows immediately before it was acquired by Maxi Company:
- If the fair value and book value are the same for Mini's remaining assets and liabilities,what is the net increase in Maxi's assets only,after paying the cash for Mini?
A)$430,000.
B)$470,000.
C)$120,000.
D)$390,000.

Question

The balance sheet of Mini Company was as follows immediately before it was acquired by Maxi Company:  
- If the fair value and book value are the same for Mini's remaining assets and liabilities,what is the net increase in Maxi's assets only,after paying the cash for Mini?
A)$430,000. 
B)$470,000. 
C)$120,000. 
D)$390,000.

Quizplus · Accepted Answer

The Answer of The balance sheet of Mini Company was as follows immediately before it was acquired by Maxi Company:  
- If the fair value and book value are the same for Mini's remaining assets and liabilities,what is the net increase in Maxi's assets only,after paying the cash for Mini?
A)$430,000. 
B)$470,000. 
C)$120,000. 
D)$390,000.

The Balance Sheet of Mini Company Was as Follows Immediately