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Use the following information to answer question(s) below.

On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below:
Use the following information to answer question(s) below. On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below: -What amount of Inventory will be reported? A) $170,000 B) $169,000 C) $186,500 D) $192,000 Use the following information to answer question(s) below. On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below: -What amount of Inventory will be reported? A) $170,000 B) $169,000 C) $186,500 D) $192,000
-What amount of Inventory will be reported?


A) $170,000
B) $169,000
C) $186,500
D) $192,000

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