On January 1,2015,Jane Company acquired 80 percent of the outstanding shares of Joan Company.At the time of the acquisition,Jane Company's total stockholders' equity was $420.At the time of the acquisition,Joan Company's total stockholders' equity was $190.What is the amount of total stockholders' equity on the consolidated balance sheet immediately after the acquisition of Joan Company's stock? (Assume elimination entries are completed.)

Question

Quizplus · Accepted Answer

The Answer of On January 1,2015,Jane Company acquired 80 percent of the outstanding shares of Joan Company.At the time of the acquisition,Jane Company's total stockholders' equity was $420.At the time of the acquisition,Joan Company's total stockholders' equity was $190.What is the amount of total stockholders' equity on the consolidated balance sheet immediately after the acquisition of Joan Company's stock? (Assume elimination entries are completed.)

On January 1,2015,Jane Company Acquired 80 Percent of the Outstanding