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  3. dear company acquired 100 percent of the common sh

Dear Company acquired 100 percent of the common shares of Standard Video Corporation, by issuing...

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Accounting

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Dear Company acquired 100 percent of the common shares of Standard Video Corporation, by issuing new shares with a par value and fair value of $250,000. Immediately prior to the acquisition, Dear reported total assets of $500,000, liabilities of $280,000, and stockholders' equity of $220,000. At that date, Standard Video reported total assets of $400,000, liabilities of $250,000, and stockholders' equity of $150,000. Based on the preceding information, what amount of total assets did Dear report in its balance sheet immediately after the acquisition? None of these $900,000 $750,000 $500,000

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