W, Inc. holds 100% of the common stock of C Co, an investment acquired for $680,000. Immediately following the combination,W net assets have a book value of $1,150,000 and a fair value of $1,390,000. The book value and the fair value of C net assets on the date of combination are $400,000 and $550,000, respectively. Immediately following the combination, a consolidated balance sheet is prepared

Based on the information given above, what will be the amount of total consolidated stockholders' equity be reported in the consolidated balance sheet prepared immediately following the combination

Select one:

a. 1,550,000

b. 1700,000

c. 1,390,000

d. 1,150,000

Under the equity method of accounting,a parent company's journal entry to record income from subsidiary includes a debit to the investment account and a credit to the dividend account,

Select one: True False