Use the following information to answer questions
On January 1, 2013, Pamela Company purchased 75% of the common stock of Snicker 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?
Definitions:
Lender
An individual or institution that provides funds to another with the expectation that the funds will be repaid, typically with interest.
Equal Payments
Regular payments that are the same in amount over a period of time, typically referring to loans or mortgages.
Interest Annually
Interest that is calculated and paid once every year on a loan or investment.
Interest Annually
Refers to the interest that is calculated and added to an account once per year.
Q12: The SEC requires the use of push
Q16: Noncontrolling interest in consolidated income is never
Q19: Madison Paving Company purchased equipment for 350,000
Q20: P Company purchased 80% of the outstanding
Q29: An eliminating entry is needed to adjust
Q31: Define consolidated retained earnings using the analytical
Q63: If actual direct materials costs are greater
Q102: A static budget<br>A)should not be prepared in
Q145: If a company's required rate of return
Q154: Variances from standards are<br>A)expressed in total dollars.<br>B)expressed