The Following Data Pertains to Questions

question 6

Multiple Choice

The following data pertains to questions
Parent and Sub Inc had the following balance sheets on July 31,2006: Yours Inc's Book Values were equal to their Fair Values on the date of acquisition,with the exception of Yours' Plant and Equipment,which was worth $100,000.
-What would be the balance in Yours Inc's Retained Earnings Account after the Pooling of Interests in Question 29 has taken place?

• A)$200,000
• B)$188,000
• C)$120,000
• D)$100,000

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Definitions:

Sulfur

A nonmetallic chemical element with symbol S, known for its bright yellow color and importance in many chemical processes, including as a component of amino acids.

Polyamide

A type of polymer characterized by amide bonds connecting monomers, commonly found in fibers like nylon.

Nylon 6

A type of nylon polymer made from a single type of monomer known as caprolactam, widely used in fibers and plastics.

Hydrolyzed

The process of breaking down a compound by chemical reaction with water.