The Balance Sheet of Mini Company Was as Follows Immediately

Multiple Choice

The balance sheet of Mini Company was as follows immediately before it was acquired by Maxi Company: On January 1, 2014, in a merger transaction, Maxi Company paid $350,000 in cash for 100% of the outstanding common stock of Mini Company. The fair value of Mini Company's plant and equipment was $140,000 on the date of acquisition. If the fair value and book value are the same for Mini's remaining assets and liabilities, what is the net increase in Maxi's assets only, after paying the cash for Mini?

A) $430,000.
B) $470,000.
C) $120,000.
D) $390,000.