On December 31, 20X1, Par Inc reported total assets of $734,287, while Sub Corp reported...
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Accounting
On December 31, 20X1, Par Inc reported total assets of $734,287, while Sub Corp reported total assets of $146,826. The fair values of Sub's assets and liabilities on the same date were $183,047 and $42,096 respectively. On the morning of January 1, 20X2, Par agreed to acquire 100% of Sub for a total value of $244,727 by paying cash. On the consolidated balance sheet immediately after the acquisition, what should be the total assets reported by the combined entity?
a.
$756,973
b.
$795,793
c.
$815,202
d.
$737,564
e.
$776,383
Clear my choice
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