Julia Company Acquired 80% of the Outstanding Shares of Roberts

question 14

Multiple Choice

Julia Company acquired 80% of the outstanding shares of Roberts Company for $190 in cash.Roberts Company's total assets and liabilities were $550 and $400, respectively.The balance of the investment in Roberts Company stock on the consolidated balance sheet immediately after the acquisition of Roberts Company's stock is _____.

• A)$?0
• B)$440
• C)$190
• D)$120

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Definitions:

Depth Perception

The ability to perceive the world in three dimensions (3D) and to judge the distance of objects.

Innate

Inborn or natural characteristics or abilities not acquired or learned.

Size Constancy

The perceptual phenomenon where the perceived size of an object remains constant, despite changes in its distance from the observer.

Perceived Distance

The subjective experience or estimation of how far an object is from the observer.