The Following Data Pertains to Questions

question 15

Multiple Choice

The following data pertains to questions
Parent and Sub Inc had the following balance sheets on July 31,2007: The Net Incomes for Parent and Sub Inc for the year ended July 31,2007 were $120,000 and $60,000 respectively.
-The Shareholder Equity section of Parent's Consolidated Balance Sheet on the date of acquisition would total what amount under the Entity Method?

• A)$270,000
• B)$140,000
• C)$185,000
• D)$244,000