Parr Company purchased 100% of the voting common stock of Super Company for $2,000,000. There are no liabilities. The following book and fair values are available: The machinery will appear on the consolidated balance sheet at ____.
A) $560,000
B) $860,000
C) $600,000
D) $900,000

Question

Parr Company purchased 100% of the voting common stock of Super Company for $2,000,000. There are no liabilities. The following book and fair values are available:  The machinery will appear on the consolidated balance sheet at ____.
A) $560,000 
B) $860,000 
C) $600,000 
D) $900,000

Quizplus · Accepted Answer

The Answer of Parr Company purchased 100% of the voting common stock of Super Company for $2,000,000. There are no liabilities. The following book and fair values are available:  The machinery will appear on the consolidated balance sheet at ____.
A) $560,000 
B) $860,000 
C) $600,000 
D) $900,000

Parr Company Purchased 100% of the Voting Common Stock of Super