Use the following information to answer question(s) below.

On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below:

-What amount of Inventory will be reported?
A)$170,000
B)$169,000
C)$186,500
D)$192,000

Question

Use the following information to answer question(s) below.

On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below:
 
-What amount of Inventory will be reported?
A)$170,000 
B)$169,000 
C)$186,500 
D)$192,000

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The Answer of Use the following information to answer question(s) below.

On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below:
 
-What amount of Inventory will be reported?
A)$170,000 
B)$169,000 
C)$186,500 
D)$192,000

Use the Following Information to Answer Question(s) Below