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On December 31, 20X1, Par Inc reported total assets of $734,287, while Sub Corp reported...

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Accounting

On December 31, 20X1, Par Inc reported total assets of $734,287, while Sub Corp reported total assets of $146,826. The fair values of Sub's assets and liabilities on the same date were $183,047 and $42,096 respectively. On the morning of January 1, 20X2, Par agreed to acquire 100% of Sub for a total value of $244,727 by paying cash. On the consolidated balance sheet immediately after the acquisition, what should be the total assets reported by the combined entity?

a.

$756,973

b.

$795,793

c.

$815,202

d.

$737,564

e.

$776,383

Clear my choice

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