Multiple Choice
Company A has decided to purchase 100% of the voting shares of Company B for $100,000 cash on January 1, 2018. Immediately before the acquisition, A and B reported cash balances of $300,000 and $150,000 respectively. If Consolidated Financial Statements were prepared immediately following the acquisition, how much Cash would be reported on A's consolidated balance sheet?
A) $250,000
B) $350,000
C) $450,000
D) $550,000
Correct Answer:
Verified
Correct Answer:
Verified
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