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Presented Below Are the Balance Sheets of Blanco,Inc On January 1,2X13,Stalle Company Acquired 70% of the Outstanding Common

question 71

Multiple Choice

Presented below are the balance sheets of Blanco,Inc.and Stalle Company at January 1,2X13: $\begin{array}{l}\begin{array} { l } &&\text { Blanco, Inc} & &\text { Stalle Company}\\&&\text { Balance Sheet} & &\text { Balance Sheet}\\&&\text { january 1, 2X13} & &\text { january $ 1,2 \times 13 $ }\\\end{array}\\\begin{array} { l } \text { Cash } & \$ 35 \\\text { Net Fixed Assets } &265\\\text { Total Assets } & \$ 300\\\end{array}\begin{array} { l } \text { Cash } & \$250 \\\text { Net Fixed Assets } & \underline{450} \\\text { Total Assets } & \$ 700 \\\end{array}\end{array}$
$\begin{array}{llll}\text { Accounts Payable } & \$ 30 & \text { Accounts Payable } & \$ 90 \\\text { Long-term Bonds Pay. } & 100 & \text { Long-term Bonds Pay. } & 200 \\\text { Stockholders' Equity } & \underline{170} & \text { Equity } & \underline{410} \\ \text { Total Liab. \& Equity } & \$ 300 & \text { Total Liab. \& Equity } & \$ 700 \\\end{array}$ On January 1,2X13,Stalle Company acquired 70% of the outstanding common stock of Blanco,Inc.,for $119 in cash.Assume the book value of Blanco's assets and liabilities equals the market value.
Which of the following statements regarding the consolidated balance sheet immediately after the acquisition is not correct?

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Temperament

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Biological Functions

The processes and activities carried out by living organisms to maintain life, including growth, reproduction, and response to stimuli.

Playful

Exhibiting behavior that is lighthearted, fun, and often imaginative, typically associated with children but also observed in adults.

Temperamental Variation

Differences in emotional and behavioral responses among individuals, which are often evident from an early age and influenced by genetic factors.