On July 1,20X9,Playa Corporation Paid $340,000 for All of Seashore

question 24

Multiple Choice

On July 1,20X9,Playa Corporation paid $340,000 for all of Seashore Company's outstanding common stock.On that date,the costs and fair values of Seashore's recorded assets and liabilities were as follows:

-Based on the preceding information,the differential reflected in a consolidation worksheet to prepare a consolidated balance sheet immediately after the business combination is:

• A)$0.
• B)$25,000.
• C)$70,000.
• D)$45,000.

---

Definitions:

Import

Items or services imported from one nation to another for the purpose of selling.

Adam Smith

An 18th-century Scottish economist and philosopher regarded as the father of modern economics, known for his work on free markets and the division of labor.

Cost More

Refers to an increase in the price or expense required to purchase or produce something compared to a previous period.

World Trade Organization

An international organization designed to supervise and liberalize world trade, by providing a forum for negotiating trade agreements and a dispute resolution process.