Use the Following Information to Answer Questions

question 21

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 is the amount of total assets?

• A)$1,626,667.
• B)$1,566,667
• C)$1,980,000.
• D)$2,006,667.

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Definitions:

Demographic Transition

A theory about change over time from high birth and death rates to low birth and death rates, resulting in a stabilized population.

Industrial Revolution

The rapid transformation of social life resulting from the technological and economic developments that began with the assembly line, steam power, and urbanization.

Mortality Rates

A statistical measurement of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Life Expectancies

The average period that a person may expect to live, often used as a statistical measure in demographic studies.