Multiple Choice
On January 1, 2016, Poole Company purchased 75% of the common stock of Swimmer 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 amount of inventory will be reported?
A) $170,000.
B) $177,000.
C) $186,500.
D) $192,000.
Correct Answer:
Verified
Correct Answer:
Verified
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