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

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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: 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 is the amount of total assets? A) $1,626,667. B) $1,566,667 C) $1,980,000. D) $2,006,667. Determine below what the consolidated balance would be for each of the requested accounts on January 2,2016.
What is the amount of total assets?

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Definitions:

Knowledge Management

The processes using intellectual capital for competitive advantage.

Intellectual Assets

Intangible resources and knowledge that a company possesses, which can include patents, trademarks, business methodologies, and other forms of intellectual property that provide a competitive advantage.

Strategic Force

Denotes a military or organizational capability designed and utilized to achieve strategic objectives, often involving long-range or significant impact operations.

Decision-Making Process

A systematic approach to making choices among possible options to achieve a desired outcome.

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