Presented below are the balance sheets of Monty Company and Hall Company at January 1, 20X6: On January 1, 20X6, Monty Company acquired 100% of the outstanding common stock of Hall Company for $260 in cash._____ is the balance of the Investment in Hall Stock on the consolidated balance sheet immediately after the acquisition of Hall's stock.
A) $-0-
B) $260
C) $380
D) $500
Correct Answer:
Verified
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