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Required information Plant Company acquired all of Sprout Corporation's stock on January 1, 20X6 for $150,000 cash. On December 31,208, the trial balances of the

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Required information Plant Company acquired all of Sprout Corporation's stock on January 1, 20X6 for $150,000 cash. On December 31,208, the trial balances of the two companies were as follows: Sprout Corporation reported retained earnings of $75,000 at the date of acquisition. The difference between the acquisition price and underlying book value is assigned to buildings and equipment with a remaining economic life of five years from the date of acquisition. At December 31,208, Sprout owed Plant $4,000 for services provided. Based on the preceding information, what amount will be reported as total assets in the consolidated balance sheet for 208? Multiple Choice Required information Plant Company acquired all of Sprout Corporation's stock on January 1, 20X6 for $150,000 cash. On December 31,208, the trial balances of the two companies were as follows: Sprout Corporation reported retained earnings of $75,000 at the date of acquisition. The difference between the acquisition price and underlying book value is assigned to buildings and equipment with a remaining economic life of five years from the date of acquisition. At December 31,208, Sprout owed Plant $4,000 for services provided. Based on the preceding information, what amount will be reported as total assets in the consolidated balance sheet for 208? Multiple Choice

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