_____ Pemex acquired 100% of the outstanding common stock of Semex by paying cash. Of the $700,000 purchase price, $80,000 was determined to be goodwill. How should the following items on the books of Semex be reported in the consolidated balance sheet prepared immediately after the combination?

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The Answer of _____ Pemex acquired 100% of the outstanding common stock of Semex by paying cash. Of the $700,000 purchase price, $80,000 was determined to be goodwill. How should the following items on the books of Semex be reported in the consolidated balance sheet prepared immediately after the combination?

_____ Pemex Acquired 100% of the Outstanding Common Stock of Semex