Multiple Choice
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 is the amount of consolidated retained earnings?
A) $204,000
B) $209,250
C) $260,250
D) $279,000
Correct Answer:
Verified
Correct Answer:
Verified
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