Compute consolidated cash at the completion of the acquisition

A)  $1,350.

B)  $1,085.

C)  $1,110.

D)  $   870.

E)  $   845.

Answer: B

Learning Objective: 02-06a

Learning Objective: 02-06b 

Learning Objective: 02-07

Topic: Costs of combination

Topic: Acquisition―Calculate consolidated balances

Topic: Consolidation worksheet

Difficulty: 2 Medium  

Blooms: Apply

AACSB: Knowledge Application

AICPA: BB Critical Thinking

AICPA: FN Measurement

Feedback: $870 + $240 – $15 – $10 = $1,085