Presented Below Is the Balance Sheet of Harry Company at January

Multiple Choice

Presented below is the balance sheet of Harry Company at January 1,2015:
$\begin{array}{ll}\text { Cash } & \$ 100 \\\text { Net Fixed Assets } & {400} \\\text { Total Assets } & {\$ 500}\end{array}$
$\begin{array}{ll}\text { Accounts Payable } & \$ 20 \\\text { Long-term Bonds Payable } & 220 \\\text { Stockholders' Equity } & {260} \\\text { Total Liabilities and Stockholders' Equity } & \$ 500\end{array}$
The balance sheet of Marvelous Company at January 1,2015 is below:
$\begin{array}{ll}\text { Cash } & \$ 400 \\\text { Net Fixed Assets } & {380} \\\text { Total Assets } &{\$ 780}\end{array}$
$\begin{array}{ll}\text { Accounts Payable } & \$ 120 \\\text { Long-term Bonds Payable } & 280 \\\text { Stockholders' Equity } & \underline{380} \\\text { Total Liabilities and Stockholders' Equity } & \$ 780\end{array}$
On January 1,2015,Marvelous Company acquired 100 percent of the outstanding common stock of Harry Company for $260 cash.The book value and fair value of Harry's assets and liabilities were equal.
What is the amount of Total Stockholders' Equity on the consolidated balance sheet immediately after the acquisition of Harry Company's stock? (Assume elimination entries are completed.)

A) $0
B) $260
C) $380
D) $640