A Inc purchased 100% of B Inc's voting shares for cash on January 1,20X1.The Assets and Liabilities reported Consolidated Balance Sheet of A Inc prepared on the date of acquisition will include

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When Company A purchases 100% of Company B's voting shares, it is considered an acquisition. According to the purchase accounting method, the consolidation is based on the book value of A's assets and liabilities with the acquired entity's assets and liabilities being recorded at their fair market values. Therefore, the consolidated balance sheet of A Inc prepared on the acquisition date will include the book value of A's assets and liabilities (as reported in A's pre-acquisition financial statements) and the fair market value of B's assets and liabilities.

A Inc Purchased 100% of B Inc's Voting Shares for Cash