On January 3,2009,Redding Company Acquired 80 Percent of Frazer Corporation's

question 41

Multiple Choice

On January 3,2009,Redding Company acquired 80 percent of Frazer Corporation's common stock for $344,000 in cash.At the acquisition date,the book values and fair values of Frazer's assets and liabilities were equal,and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Frazer.The stockholders' equity accounts of the two companies at the acquisition date are:
Noncontrolling interest was assigned income of $11,000 in Redding's consolidated income statement for 2009.

-Based on the preceding information,what will be the total stockholders' equity in the consolidated balance sheet as of January 3,2009?

• A)$1,580,000
• B)$1,064,000
• C)$1,150,000
• D)$1,236,000

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Definitions:

Papez

a reference to James Papez and the Papez circuit, a neural circuit proposed as the basis for emotional experiences.

Emotional Expression

The process of conveying one's feelings or emotions through facial expressions, gestures, posture, and vocal inflections.

Emotion Meaning

The interpretation and significance attributed to various emotional experiences, which can vary greatly across individuals and cultures.

To Move

To change position or proceed in a specified direction; it also involves the physiologic and psychological mechanisms that enable physical displacement.