On 1-1-2020, the statements of financial position of companies A&B, both in book values and fair values, appeared as below: Time left 0:29:15 A B Book fair book fair Cash 80000 80000 13000 11000 Other current assets 160000 170000 45000 54000 Equipments 70000 50000 20000 22000 accumulated depreciation - equipments -10000 Lands 30000 10000 5000 13000 Total Assets 330000 310000 83000 100000 Liabilities 100000 100000 15000 10000 capital common stocks 150000 50000 50000 18000 Other contributed capital retained earnings 30000 0 valentes 83000 = Total liabilities & equities 330000 On the same date, company was established with a capital of JD 700000 paid in cash. Company C acquired the net assets of company A for JD 250000. Also it acquired the net assets of company B for JD 150000. It incurred JD 40000 legal & accounting fees paid in cash. Time left 0:28:30 The entry of transferring A&B companies' assets and liabilities to C Cash 91000 Other CA 224000 Equipments 72000 Lands 23000 Goodwill 100000 Liabilities 110000 Investment 400000 The entry of establishing company "C" is: Investment 700000 Cash 700000 Cash 700000 Investment 700000 Cash 700000 Capital 700000 Investment 400000 Cash 400000 This kind of business combination can be expressed as: A+B=A+B+ Consolidated financial statements A+B=B A+B=C A+B=A The value of "C" Company's net assets is: O 300000 O 400000 O 660000 0 700000 cash balance on "C" Company's balance sheet immediately after this merger is: O 791000 O 351000 700000 260000 ictivate w