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

question 1

Multiple Choice

On January 1,2016,Poole Company purchased 75% of the common stock of Swimmer 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)$26,667.
• B)$20,000.
• C)$42,000.
• D)$86,667.

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