The Balance Sheet of Mini Company Was as Follows Immediately

question 112

Multiple Choice

The balance sheet of Mini Company was as follows immediately before it was acquired by Maxi Company:
- If the fair value and book value are the same for Mini's remaining assets and liabilities,what is the net increase in Maxi's assets only,after paying the cash for Mini?

• A)$430,000.
• B)$470,000.
• C)$120,000.
• D)$390,000.

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Instrumental

Pertaining to an approach or action designed as a means to achieve an end or goal, often with emphasis on efficiency and practicality.

Rational

Characterized by clear, logical thinking or decision-making, often based on facts and reasoning rather than emotion or impulse.

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