Question 1 Not yet answered Marked out of 1.50 On January 1, 2018, Pare Company acquired 75 percent of Kidd Company's common stock at an amount equal to its underlying book value Selected balance sheet data at December 31, 2018, are as follows: Pare Company Kidd Company Total Assets $420,000 $180,000 Liabilities $120,000 $ 60,000 Common Stock 100,000 50,000 Retained Earnings 200,000 70,000 In consolidated balance sheet at December 31, 2018, what amount should Pare report as common stock ? P Flag question Select one: a. 50,000 b. 100,000 c. 150,000 d. 137,500 Question 2 Not yet answered P Corporation paid $140,000 for a 70% interest in S Inc. on January 1, 2014, when Shad Capital Stock of $50,000 and Retained Earnings of $100,000. Fair values of net assets were the same as recorded book values. During 2014, had income of $40,000, declared dividends of $15,000, On December 31, 2014, the Balance of investment in s inc amount in P Corporation books On December 31, 2014 if it used equity methods. Marked out of 1.50 P Flag question Select one: a. 147,500 b. 150,000 c. 157,500 d. 150,500