Question 16 Not yet answered Marked out of 1.50 Beta Company acquired 100 percent of the voting common shares of Standard Video Corporation, by issuing bonds with a par value and fair value of $150,000. Immediately prior to the acquisition, Beta reported total assets of $500,000, liabilities of $280,000, and stockholders' equity of $220,000. At that date, Standard Video reported total assets of $400,000, liabilities of $250,000, and stockholders' equity of $150,000 Based on the preceding information, what amount of total assets was reported in the consolidated balance sheet immediately after acquisition Flag question Select one: a. 1,050,000 b. 900,000 c. 920,000 O d. 650,000 Question 17 Under the equity method of accounting for a stock investment, the investment initially should be recorded at: Not yet answered Select one: Marked out of 1.50 a. cost Flag question b. proportionate share of the fair value of the investee company's net assets C. cost minus any differential d. proportionate share of the book value of the investee company's net assets