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On January 1, 2016, Pamela Company purcha ed 75% of th common stock of Sni Company. Separate balance sheet data for the companies the combination
On January 1, 2016, Pamela Company purcha ed 75% of th common stock of Sni Company. Separate balance sheet data for the companies the combination dat below: Snicker Co. Snicker Co Pamela Co. Fair Values Book Values $155,000 Cash $ 18,000 $155,000 Accounts receivable 108,000 20,000 20,000 Inventory 99,000 26,000 45,000 Land 60,000 24,000 45,000 Plant assets 525,000 225,000 300,000 Acc. depreciatin (200, (45,000) Investment in Snicker Co 330,000 Totala.ets S960.000 $405.000 5565.000 Accounts payable $156,000 100 $105,000 Capital stock 600,000 225,000 75,000 Retained earnings 204,000 Total liabilities & equities 8960,000 $405.000 Determine below what the consolidated balance would be for each of the reques accounts on January 2, 2016. What amount of inventory will be reported? What amount of goodwill will be reported? What is the amount of total assets
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