Presented Below Are the Balance Sheets of Monty Company and Hall

question 26

Multiple Choice

Presented below are the balance sheets of Monty Company and Hall Company at January 1, 20X6: $\begin{array}{lrlr}\text { Hall Company } && \text { Monty Company } \\\text { Balance Sheet } && \text { Balance Sheet } \\\text { January } 1,20 \mathrm{X} 6 && \text { January } 1,20 \mathrm{X} 6\\\text { Cash } & \$ 100 & \text { Cash } & \$ 400 \\\text { Net fixed assets } & 400 & \text { Net fixed assets } & 380 \\\text { Total assets } & \$ 500 & \text { Total assets } & \$ 780\\\text { Accounts payable } & \$ 20 &\text { Accounts payable }&\$120\\\text { Long-term bonds }&&\text { Long-term bonds }\\\text { payable } & 220 & \text { payable } & 280 \\\text { Stockholders' equity } & \underline{260} & \text { Stockholders' equity } & \underline{380}\\\text { Total liabilities and } & - & \text { Total liabilities and } & \\\text { stockholders' equity } & \$ 500 & \text { stockholders' equity } & \$ 780\end{array}$ On January 1, 20X6, Monty Company acquired 100% of the outstanding common stock of Hall Company for $260 in cash._____ is the balance of liabilities on the consolidated balance sheet immediately after the acquisition of Hall's stock.

• A)$-0-
• B)$640
• C)$380
• D)$400

---

Definitions:

Paradoxical Sleep

Another term for REM (Rapid Eye Movement) sleep, characterized by dream-rich sleep, brain activity similar to wakefulness, and temporary muscle paralysis.

Disturbed Sleep Pattern

A disruption in the normal sleep cycle, leading to difficulty sleeping or staying asleep.

Nicotine Withdrawal

The physical and psychological symptoms experienced by individuals when they stop using nicotine, a highly addictive substance found in tobacco.

Caffeine Intake

The amount of caffeine consumed by an individual, often measured in terms of coffee, tea, soft drinks, or energy drinks.