on 1/1/2019 X CO acquired 80% of Y common stock for $200,000 in the same day the Y net assets was $ 140,000 ,in the same date the fair value of assets and liabilities were equal .year ended 31/12/2019 Y reported income $50,000,declared dividend $30,000,X using cost methods what is investment balance on 31/12/2019

Select one:

a. 200,000

b. 166,000

c. 177,000

d. 150,000

On December 31, 2018,M Co acquired 100% ownership of S Co. On that date, S reported assets and liabilities with book values of $300,000 and $100,000, respectively, common stock outstanding of $50,000, and retained earnings of $150,000. The book values and fair values of S assets and liabilities were equal except for land which had increased in value by $10,000 and inventories which had decreased by $10,000

Based on the preceding information,what amount of goodwill balance immediately after the business combination,if the acquisition price was $240,000?

Select one:

a. 45,000

b. 30,000

c. 40,000

d. 35,000