On December 31, 20X1, Par Inc reported total assets of $806,239, while Sub Corp reported...
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On December 31, 20X1, Par Inc reported total assets of $806,239, while Sub Corp reported total assets of $161,206. The fair values of Sub's assets and liabilities on the same date were $200,975 and $46,220 respectively. On the morning of January 1, 20X2, Par agreed to acquire 84.81% of Sub for a total value of $241,865 by issuing its own common shares as consideration. On the consolidated balance sheet immediately after the acquisition, what should be the total assets reported by the combined entity under the identifiable-net-assets (INA) method? a. $1,006,048 b. $1,061,940 c. $1,089,886 d. $1,033,994 e. $1,117,831
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