Multiple Choice
On January 1,2016,Poole Company purchased 75% of the common stock of Swimmer Company.Separate balance sheet data for the companies at the combination date are given below: 
Determine below what the consolidated balance would be for each of the requested accounts on January 2,2016.
What amount of goodwill will be reported?
A) $26,667.
B) $20,000.
C) $42,000.
D) $86,667.
Correct Answer:
Verified
Correct Answer:
Verified
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