stion 2 Ned auto! 50 a question 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 should Pare report as common stock? Select one: a. 100,000 b. 50,000 C. 150,000 d. 137.500 Previous page Next page o ASUS ZenBook General - Question 3 Not you 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, S had income of $40,000, declared dividends of $15,000, On December 31, 2014, the consolidated financial statements will show income for Non controlling interest for 2014? Mad out of Pagestion Select one: O a. 12,000 b. 40,000 c. 10,500 d. 28,000 My courses 20202 - What portion of the balances of subsidiary stockholders' equity accounts are eliminated in preparing the consolidated balance sheet? stions Select one: a. Retained Earnings only b. Common stock only c. Additional paid-in capital only d. All of the balances are eliminated Previous page Next page * Return to: General 0 A no SIIS ZenBoy