Julia Company acquired 80% of the outstanding shares of Roberts Company for $190 in cash. Roberts Company's total assets and liabilities were $550 and $400, respectively. The balance of the investment in Roberts Company stock on the consolidated balance sheet immediately after the acquisition of Roberts Company's stock is:
A) $190
B) $- 0-
C) $440
D) $120

Question

Quizplus · Accepted Answer

The Answer of Julia Company acquired 80% of the outstanding shares of Roberts Company for $190 in cash. Roberts Company's total assets and liabilities were $550 and $400, respectively. The balance of the investment in Roberts Company stock on the consolidated balance sheet immediately after the acquisition of Roberts Company's stock is:
A) $190
B) $- 0-
C) $440
D) $120

Julia Company Acquired 80% of the Outstanding Shares of Roberts