Multiple Choice
Presented below is the balance sheet of Hal Company at January 1,2015:
The balance sheet of Monty Company at January 1,2015 is below:
On January 1,2015,Monty Company acquired 100 percent of the outstanding common stock of Hal Company for $260 cash.What is the amount of Total Assets on the consolidated balance sheet immediately after the acquisition of Hal Company's stock? (Assume elimination entries are completed.)
A) $0
B) $780
C) $1,020
D) $1,280
Correct Answer:

Verified
Correct Answer:
Verified
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