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On January 1,20X4,Plimsol Company Acquired 100 Percent of Shipping Corporation's

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On January 1,20X4,Plimsol Company acquired 100 percent of Shipping Corporation's voting shares,at underlying book value.Plimsol accounts for its investment in Shipping at cost.Shipping's retained earnings was $75,000 on the date of acquisition.On December 31,20X4,the trial balance data for the two companies are as follows:
On January 1,20X4,Plimsol Company acquired 100 percent of Shipping Corporation's voting shares,at underlying book value.Plimsol accounts for its investment in Shipping at cost.Shipping's retained earnings was $75,000 on the date of acquisition.On December 31,20X4,the trial balance data for the two companies are as follows: -Based on the information provided,what amount of total stockholders' equity will be reported in the consolidated balance sheet prepared on December 31,20X4? A) $190,000 B) $335,000 C) $460,000 D) $310,000
-Based on the information provided,what amount of total stockholders' equity will be reported in the consolidated balance sheet prepared on December 31,20X4?


A) $190,000
B) $335,000
C) $460,000
D) $310,000

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