accounting for corporate entites

On January 2018, Good Co., acquired 80% of the outstanding common stock of Bad Co., for OMR 200,000 Cash. In the balance sheet Good Co., Cash OMR 300,000. Bad Co., Cash 300,000. What is the consolidated cash in balance sheet? Select one: a. OMR 700,000 b. OMR 400,000 c. OMR 300,000 d. OMR 500,000 The purchasing Co., 60% of dividend OMR 300,000 on sale Co., What is the entry of purchasing Co.,? Select one: a. Dividend Dr to Cash Cr OMR 180,000 O b. Cash Dr to Dividend Cr OMR 300,000 c. Cash Dr to Dividend Cr OMR 180,000 d. Dividend Dr to Cash Cr OMR 300,000 O Clear my choice Question 7 Not yet answered Marked out of 1.00 Firm A and B are each worth OMR 50 Million but generate a OMR 20 Million gain when merged. If the cost of the merger was OMR 5 Million, how much did Firm A pay to Firm B Select one: a. OMR 70 Million b. OMR 50 Million C. OMR 75 Million d. OMR 55 Million Clear my choice On April 1 2018 A Co., an 75% owned subsidiary of B Co., Sold to B Company building with a book value of OR 10,000 for OMR 15,000. The building had an estimated remain useful life of 10 years on the date of the inter company sale. What about the estimate income of 10 years? Select one: a. OMR 375 b. OMR 535 c. OMR 450 O d. OMR 500 On April 1 2018 A Co., an 75% owned subsidiary of B Co., Sold to B Company building with a book value of OR 10,000 for OMR 15,000. The building had an estimated remain useful life of 10 years on the date of the inter company sale. What about the estimate income of 10 years? Select one: a. OMR 375 b. OMR 535 c. OMR 450 O d. OMR 500