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 is the amount of total assets?
A) $1,626,667.
B) $1,566,667
C) $1,980,000.
D) $2,006,667.
Correct Answer:
Verified
Correct Answer:
Verified
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