What the consolidated balance sheet of naeder

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Question 1: On June 30, 2016, Naeder Corporation purchased for cash at $10 per share all 100,000 shares of the outstanding common stock of the Tedd Company. The total fair value of all identifiable net assets of Tedd was $1,400,000. The only noncurrent asset is property with a fair value of $350,000. The consolidated balance sheet of Naeder and its wholly owned subsidiary on June 30, 2016, should report

Option a. ?a retained earnings balance that is inclusive of a gain of $400,000.

Option b. ?goodwill of $400,000.

Option c. ?a retained earnings balance that is inclusive of a gain of $350,000.

Option d. ?a gain of $400,000

Reference no: EM132550598

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