On January 1, 20X6, Parent Company Acquired 80% of the Outstanding

Multiple Choice

On January 1, 20X6, Parent Company acquired 80% of the outstanding shares of Subsidiary Company.At the time of the acquisition, Parent Company's current and long-term liabilities were $30 and $180, respectively.Subsidiary Company's current and long-term liabilities were $80 and $200, respectively.The balance in liabilities on the consolidated balance sheet immediately after the acquisition of Subsidiary Company's stock is _____.

A) $?0
B) $490
C) $338
D) $280