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On January 1, 2018. Pel Company and Sand Company had condensed balance sheets as follows Pell Sand Current assets $ 280,000 $ 80,000 Noncurrent assets
On January 1, 2018. Pel Company and Sand Company had condensed balance sheets as follows Pell Sand Current assets $ 280,000 $ 80,000 Noncurrent assets 300XX 100.000 Total assets $340,000 $240.000 Current liabilities $ 120,000 $ 40,000 Long-term debt 200,000 0- Stockholders' equity _320,000 200.000 Total liabilities & stockholders' equity $ 640 000 $240.000 On January 2, 2018 Pell Common stock $240,000 and used the proceeds to purchase 90% of the outstanding common stock of Sand. This debt is payable in 10 equal principal payments, plus interest, starting December 30, 2018. Any difference between book value and the value implied by the purchase price relates to land. On Pel's January 2018 consolidated balance sheet What is the non current liabilities after merger? Select one: O a OMR 520,000 ob OMR 880,000 O COMR 200.000 O d. OMR 160,000
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