Family Son

Current assets. Br.70,000 Br. 20,000

Noncurrent assets 90,000 40,000

Total assets Br. 160,000 Br. 60,000

Current liabilities Br.30,000 Br.10,000

Long-term debt 50,000

Stockholders' equity 80,000 50,000

Total liabilities and equities. Br. 160,000 Br.60,000

On January 2, Family borrowed Br. 60,000 and used the proceeds to obtain 80% of the outstanding common shares of Son. The acquisition price was considered proportionate to Son's total fair value. The Br. 60,000 debt is payable in 10 equal annual principal payments, plus interest, beginning December 31. The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60%) and to goodwill (40%). On a consolidated balance sheet as of January 2, what should be the amount for each of the following?

a.Current assets = ?

b.Noncurrent assets = ?

c.Current liabilities = ?

d.Noncurrent liabilities =?

e.Stockholders' equity = ?