The balance sheet of Mini Company was as follows immediately before it was acquired b Maxi Company: On January 1, 2010, Maxi Company paid $350,000 in cash for 100% of the outstanding common stock of Mini Company. The current market value of Mini Company's plant and equipment was $140,000 on the date of acquisition. If the market value and book value ar the same for Mini's remaining assets, what is the net increase in Maxi's assets as a result o the merger with Mini?

Question

The balance sheet of Mini Company was as follows immediately before it was acquired b Maxi Company:  On January 1, 2010, Maxi Company paid $350,000 in cash for 100% of the outstanding common stock of Mini Company. The current market value of Mini Company's plant and equipment was $140,000 on the date of acquisition. If the market value and book value ar the same for Mini's remaining assets, what is the net increase in Maxi's assets as a result o the merger with Mini?

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The Answer of The balance sheet of Mini Company was as follows immediately before it was acquired b Maxi Company:  On January 1, 2010, Maxi Company paid $350,000 in cash for 100% of the outstanding common stock of Mini Company. The current market value of Mini Company's plant and equipment was $140,000 on the date of acquisition. If the market value and book value ar the same for Mini's remaining assets, what is the net increase in Maxi's assets as a result o the merger with Mini?

The Balance Sheet of Mini Company Was as Follows Immediately