Parent Company Balance Sheet If the 100% stock acquisition of Sub Company by Par

Question

Parent Company Balance Sheet

If the 100% stock acquisition of Sub Company by Parent Company was a bargain purchase, which of the following accounts are most likely to appear in a related journal entry? A.) Goodwill B.) Gain C.) Bargain Purchase D.)None of the above

Assets, Liabilities & Equities Cash AR Inventory Land Plant and Equipment Less: Accumulated Depreciation     Total Assets AP Common Stock Additional Paid In Capital Retained Earnings     Total Liabilities & Equity Book Value $250,000 $30,000 $150,000 $100,000 $600,000 -$150,000 $980,000 $20,000 $100,000 $560,000 $300,000 $980,000

Explanation / Answer

Parent Company Balance Sheet If the 100% stock acquisition of Sub Company by Par

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