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 total liabilities will be reported?
A)$206,000
B)$278,400
C)$319,600
D)$348,000

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 total liabilities will be reported?
A)$206,000 
B)$278,400 
C)$319,600 
D)$348,000

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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 total liabilities will be reported?
A)$206,000 
B)$278,400 
C)$319,600 
D)$348,000

Use the Following Information to Answer Question(s) Below