Use the Following Information to Answer Questions

question 34

Multiple Choice

Use the following information to answer questions
On January 1, 2013, Poole Company purchased 75% of the common stock of Swimmer Company.Separate balance sheet data for the companies at the combination date are given below: Determine below what the consolidated balance would be for each of the requested accounts on January 2, 2013.
-What amount of inventory will be reported?

• A)$170,000.
• B)$177,000.
• C)$186,500.
• D)$192,000.

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Definitions:

Mission

The fundamental purpose of an organization, stated in a way that captures its goals, underlying philosophies, and core values.

Strategic Formulation

The process of defining a company's strategy or direction based on setting goals, analyzing the competitive environment, and assessing internal resources.

Long-Range

Refers to planning, goals, or strategies extending far into the future, typically focusing on periods longer than five years ahead.

Environmentally Responsible

Commitment to conducting oneself or one's business in a way that is mindful of the environmental impact and promotes sustainability.