On January 1,2016,Pamela Company purchased 75% of the common stock of Snicker Company.Separate balance sheet data for the companies at the combination date are given below: Determine below what the consolidated balance would be for each of the requested accounts on January 2,2016.
What is the amount of consolidated retained earnings?
A)$204,000
B)$209,250
C)$260,250
D)$279,000

Question

On January 1,2016,Pamela Company purchased 75% of the common stock of Snicker Company.Separate balance sheet data for the companies at the combination date are given below:  Determine below what the consolidated balance would be for each of the requested accounts on January 2,2016.
What is the amount of consolidated retained earnings?
A)$204,000 
B)$209,250 
C)$260,250 
D)$279,000

Quizplus · Accepted Answer

The Answer of On January 1,2016,Pamela Company purchased 75% of the common stock of Snicker Company.Separate balance sheet data for the companies at the combination date are given below:  Determine below what the consolidated balance would be for each of the requested accounts on January 2,2016.
What is the amount of consolidated retained earnings?
A)$204,000 
B)$209,250 
C)$260,250 
D)$279,000

On January 1,2016,Pamela Company Purchased 75% of the Common Stock