Presented below is the balance sheet of Hal Company at January 1,2015: The balance sheet of Monty Company at January 1,2015 is below:
On January 1,2015,Monty Company acquired 100 percent of the outstanding common stock of Hal Company for $260 cash.What is the amount of Total Stockholders' Equity on the consolidated balance sheet immediately after the acquisition of Hal Company's stock? (Assume elimination entries are completed.)
A)$0
B)$260
C)$380
D)$640

Question

Presented below is the balance sheet of Hal Company at January 1,2015:   The balance sheet of Monty Company at January 1,2015 is below:
  On January 1,2015,Monty Company acquired 100 percent of the outstanding common stock of Hal Company for $260 cash.What is the amount of Total Stockholders' Equity on the consolidated balance sheet immediately after the acquisition of Hal Company's stock? (Assume elimination entries are completed.)
A)$0 
B)$260 
C)$380 
D)$640

Quizplus · Accepted Answer

The Answer of Presented below is the balance sheet of Hal Company at January 1,2015:   The balance sheet of Monty Company at January 1,2015 is below:
  On January 1,2015,Monty Company acquired 100 percent of the outstanding common stock of Hal Company for $260 cash.What is the amount of Total Stockholders' Equity on the consolidated balance sheet immediately after the acquisition of Hal Company's stock? (Assume elimination entries are completed.)
A)$0 
B)$260 
C)$380 
D)$640

Presented Below Is the Balance Sheet of Hal Company at January