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On December 31, 20X1, Par Inc and Sub Corp reported current assets of $67,189 and 511,203 respectively on their balance sheets. Immediately following the reporting,
On December 31, 20X1, Par Inc and Sub Corp reported current assets of $67,189 and 511,203 respectively on their balance sheets. Immediately following the reporting, Par Inc purchased all of Sub Corp's Common Shares on January 1, 2012 for $44,798 in cash. On the acquisition date, Sub's current assets had a fair value of $29.108. The fair value of the remaining identifiable net assets was $12,317. The Common Shares accounts of Par and Sub were $88,929 and $12,131, respectively, immediately before the acquisition. The Retained Earnings accounts of Par and Sub were $8,958 and $10,983, respectively, immediately before the acquisition. (There were no other equity accounts.) What should be the reported consolidated total equity of the combined entity immediately after the acquisition? O a $102,781 Ob $100,334 OC. $97,887 d. $95,440 e. $105,229
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