Desidero Corporation acquired 100% of the common stock of Basile Company for $170,000.On the date of acquisition,Basile Company's stockholders' equity consisted of: Common Stock,$100,000 and Retained Earnings,$70,000.On the date of the acquisition,Desidero Company's stockholders' equity consisted of: Common Stock $500,000 and Retained Earnings $1,000,000.On the acquisition date,the elimination entry to be made on a worksheet to prepare a consolidated balance sheet would include a:

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The Answer of Desidero Corporation acquired 100% of the common stock of Basile Company for $170,000.On the date of acquisition,Basile Company's stockholders' equity consisted of: Common Stock,$100,000 and Retained Earnings,$70,000.On the date of the acquisition,Desidero Company's stockholders' equity consisted of: Common Stock $500,000 and Retained Earnings $1,000,000.On the acquisition date,the elimination entry to be made on a worksheet to prepare a consolidated balance sheet would include a:

Desidero Corporation Acquired 100% of the Common Stock of Basile