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) $500
B) $260
C) $380
D) $- 0-

Question

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) $500 
B) $260 
C) $380 
D) $- 0-

Quizplus · Accepted Answer

The Answer of 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) $500 
B) $260 
C) $380 
D) $- 0-

Presented Below Are the Balance Sheets of Monty Company and Hall