On January 1, 2016, Pamela Company purchased 75% of the common stock of Snicker Company. Separate balance sheet data for the companies at the combination date are given below: Determine below what the consolidated balance would be for each of the requested accounts on January 2, 2016. What amount of inventory will be reported?
A) $125,000
B) $132,750
C) $139,250
D) $144,000

Question

On January 1, 2016, Pamela Company purchased 75% of the common stock of Snicker Company. Separate balance sheet data for the companies at the combination date are given below:  Determine below what the consolidated balance would be for each of the requested accounts on January 2, 2016. What amount of inventory will be reported?
A) $125,000 
B) $132,750 
C) $139,250 
D) $144,000

Quizplus · Accepted Answer

The Answer of On January 1, 2016, Pamela Company purchased 75% of the common stock of Snicker Company. Separate balance sheet data for the companies at the combination date are given below:  Determine below what the consolidated balance would be for each of the requested accounts on January 2, 2016. What amount of inventory will be reported?
A) $125,000 
B) $132,750 
C) $139,250 
D) $144,000

On January 1, 2016, Pamela Company Purchased 75% of the Common