is the Company B acquired the net assets of Company Sin exchange for cash. The acquisition price fair value of the i r How should Commy B determine the amount be reported the plant and equipment, and for long-term debt of the acquired Company S7 Long-Term Debt s's carrying amount alt value Fair value b Fair value s's carrying amount Fair value d 's carrying amount s's carrying amount When it purchased Sutton, Inc. on January 1, 20X1. Pavin Corporation issued 500,000 shares of its 55 par income sock On that date the fair value of those shares totaled 4.200,000. Related to the Pavin had payments to the homes and accountants of $200,000. Immediately prior to the purchase the equity sections of the two firms appeared as follows: Pavin Sutton Common stock $ 4,000,000 $ 700.000 Paid-in capital in excess of par SOM 7.500.000 900.000 Retained earnings 5.500.000 500.000 Total $17.000.000 52.100.000 Immediately after the purchase, the consolidated balance sheet should report paid-in capital in excess of par of a. $9,300.000 PAT b. 39.100.000 c. 59,050.000 d. 59,200,000 In consolidated financial statements, it is expected that: a Dividends declared equals the sum of the total parent company's declared dividends and the total subsidiary's declared dividends. b. Retained Famings equals the sum of the controlling interest's separate retained earnings and the noncontrolling interest's separate retained carings c. Common Stock quals the sum of the parent company's outstanding shares and the subsidiary's outstanding shares d. Net Income equals the sum of the income distributed to the controlling interest and the income distributed to the noncontrolling interest is the Company B acquired the net assets of Company Sin exchange for cash. The acquisition price fair value of the i r How should Commy B determine the amount be reported the plant and equipment, and for long-term debt of the acquired Company S7 Long-Term Debt s's carrying amount alt value Fair value b Fair value s's carrying amount Fair value d 's carrying amount s's carrying amount When it purchased Sutton, Inc. on January 1, 20X1. Pavin Corporation issued 500,000 shares of its 55 par income sock On that date the fair value of those shares totaled 4.200,000. Related to the Pavin had payments to the homes and accountants of $200,000. Immediately prior to the purchase the equity sections of the two firms appeared as follows: Pavin Sutton Common stock $ 4,000,000 $ 700.000 Paid-in capital in excess of par SOM 7.500.000 900.000 Retained earnings 5.500.000 500.000 Total $17.000.000 52.100.000 Immediately after the purchase, the consolidated balance sheet should report paid-in capital in excess of par of a. $9,300.000 PAT b. 39.100.000 c. 59,050.000 d. 59,200,000 In consolidated financial statements, it is expected that: a Dividends declared equals the sum of the total parent company's declared dividends and the total subsidiary's declared dividends. b. Retained Famings equals the sum of the controlling interest's separate retained earnings and the noncontrolling interest's separate retained carings c. Common Stock quals the sum of the parent company's outstanding shares and the subsidiary's outstanding shares d. Net Income equals the sum of the income distributed to the controlling interest and the income distributed to the noncontrolling interest
