On January 1,2012,Remkus Company acquired all of the stock of a subsidiary.The following data is available:
The acquisition by Remkus Company represents a 100 percent interest in the subsidiary.On January 1,2012,the fair value of the subsidiary's assets and liabilities are equal to the book value.Remkus Company paid $250 for the 100 percent interest in the subsidiary.On January 1,2012,what is the total stockholders' equity on the consolidated balance sheet? (Assume elimination entries are completed.)
A) $390
B) $450
C) $800
D) $840
Correct Answer:
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