On January 1,2016,Pamela Company Purchased 75% of the Common Stock

question 15

Multiple Choice

On January 1,2016,Pamela Company purchased 75% of the common stock of Snicker 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 2,2016.
What amount of goodwill will be reported?

• A)($20,000)
• B)($25,000)
• C)$25,000
• D)$0

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