ACME Co. paid $110,000 for the net assets of Comb Corp. At the time of the acquisition the following information was available related to Comb's balance sheet:

-Refer to ACME Co. and Comb Corp. What is the amount recorded by ACME for the Building?
A) $110,000
B) $20,000
C) $80,000
D) $100,000

Question

ACME Co. paid $110,000 for the net assets of Comb Corp. At the time of the acquisition the following information was available related to Comb's balance sheet:
 
-Refer to ACME Co. and Comb Corp. What is the amount recorded by ACME for the Building?
A) $110,000 
B) $20,000 
C) $80,000 
D) $100,000

Quizplus · Accepted Answer

The Answer of ACME Co. paid $110,000 for the net assets of Comb Corp. At the time of the acquisition the following information was available related to Comb's balance sheet:
 
-Refer to ACME Co. and Comb Corp. What is the amount recorded by ACME for the Building?
A) $110,000 
B) $20,000 
C) $80,000 
D) $100,000

ACME Co Paid $110,000 for the Net Assets of Comb Corp