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Question 2 (85 points) Polite Company acquired 100 percent of Solid Company's common stock on January 1,2022. approximated fair value except for inventory, which had
Question 2 (85 points) Polite Company acquired 100 percent of Solid Company's common stock on January 1,2022. approximated fair value except for inventory, which had a fair value of $37,500, and land, whil had a fair value of $54,000. f) What will be the balance of Investment in Subsidiary will be reported in the consolidated balance sheet? (5 points) g) What amount of goodwill will be reported in the consolidated balance sheet prepared immediately after the business combination? (5 points) h) What amount of total assets will be reported in the consolidated balance sheet prepared immediately after the business combination? (5 points) i) What amount of common stock will be reported in the consolidated balance sheet prepared immediately after the business combination? (5 points) j) What amount of stockholders' equity will be reported in the consolidated balance sheet prepared immediately after the business combination? (5 points)
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