Dish Corporation acquired 100 percent of the common stock of Toll Company by issuing 10,000 shares of $10 par common stock with a market value of $60 per share.Summarized balance sheet data for the two companies immediately preceding the acquisition are as follows:
Required: Determine the dollar amounts to be presented in the consolidated balance sheet for (1)total assets,(2)total liabilities,and (3)total stockholders' equity.

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The Answer of Dish Corporation acquired 100 percent of the common stock of Toll Company by issuing 10,000 shares of $10 par common stock with a market value of $60 per share.Summarized balance sheet data for the two companies immediately preceding the acquisition are as follows:
Required: Determine the dollar amounts to be presented in the consolidated balance sheet for (1)total assets,(2)total liabilities,and (3)total stockholders' equity.

Dish Corporation Acquired 100 Percent of the Common Stock of Toll