Presented Below Is the Balance Sheet of Hal Company at January

question 33

Multiple Choice

Presented below is the balance sheet of Hal Company at January 1,2015: The balance sheet of Monty Company at January 1,2015 is below:
On January 1,2015,Monty Company acquired 100 percent of the outstanding common stock of Hal Company for $260 cash.What is the amount of Total Stockholders' Equity on the consolidated balance sheet immediately after the acquisition of Hal Company's stock? (Assume elimination entries are completed.)

• A)$0
• B)$260
• C)$380
• D)$640

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Definitions:

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