Find the remaining consolidated balance

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Question - Company A purchased 100% of the outstanding common stock of Company B for $500,000 cash, and Company A incurred $50,000 in indirect acquisition costs. The FMV of the net assets of Company B was $400,000, and the BV of the net assets of Company B was $300,000. When Company A performs an initial consolidation, find the remaining consolidated balance in "Investment in Company B" post-consolidation?

a) $0

b) $100,000

c) $500,000

d) $50,000

Reference no: EM132639834

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