B Co acquired 100% of the voting common shares of S Co,by issuing bonds with...

60.1K

Verified Solution

Question

Accounting

B Co acquired 100% of the voting common shares of S Co,by issuing bonds with a par value and fair value of $75,000. Immediately prior to the acquisition,B reported total assets of $250,000, liabilities of $140,000,and stockholders' equity of $110,000.At that date,S reported total assets of $200,000,liabilities of $125,000, and stockholders' equity of $75,000

Based on the preceding information,what amount of total liabilities was reported in the consolidated balance sheet immediately after acquisition?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students