Advanced Accounting Question 6 Not yet answered On October 1, 2016. Pig Corporation purchased 75% of Seeb's common stock at $300,000 when Seeb Company's total stockholders' equity was $320,000. Ona consolidated balance sheet prepared at October 1, 2016, goodwill would be: A) $20,000. Marked out of 150 P Flag question B) $85,000 C) $80,000 D) $240,000. Select one a. b.B . d.D Previous page Next page Advanced Accounting Fin Question 7 Not yet answered Marked out of 1.50 Pental Corporation bought 60% of Sedar Company's common stock at its book value of $400,000 on January 1, 2019. During 2019, Sedar reported a net income of $140,000 and paid dividends of $40,000. At what amount should Pental's Investment in Sedar account be reported on December 31, 2019? A) $400,000 P Flag question B) $481,000 C) $460,000 D) $454,000 Select one: a. A b. CD d. B Previous page Next page Advanced Accounting 0 9 Question 8 Not yet answered Finis Marked out of 1.50 P Company acquires all of the voting stock of Company for $900,000 cash. The book values of Company's assets are $800,000, but the land was $40,000 undervalued. Goodwill from the combination is computed as: A) $130,000 B) $90,000 C) $60,000 D) $100,000. P Flag question Select one: a D b. A cc d.B Previous page Next page