Multiple Choice
Use the following information to answer questions
On January 1, 2013, 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, 2013.
-What amount of goodwill will be reported?
A) ($20,000)
B) ($25,000)
C) $25,000
D) $0
Correct Answer:
Verified
Correct Answer:
Verified
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