Multiple Choice
Julia Company acquired 80% of the outstanding shares of Roberts Company for $190 in cash.Roberts Company's total assets and liabilities were $550 and $400, respectively.The balance of the investment in Roberts Company stock on the consolidated balance sheet immediately after the acquisition of Roberts Company's stock is _____.
A) $?0
B) $440
C) $190
D) $120
Correct Answer:
Verified
Correct Answer:
Verified
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