Parent and Sub Inc. had the following balance sheets on December 31, 2019: Parent Sub Current Assets $ 60,000 $10,000 Fi

[answerhappygod]

Parent and Sub Inc. had the following balance sheets on December
31, 2019:
Parent
Sub
Current Assets
$ 60,000
$10,000
Fixed Assets (net)
$100,000
$60,000
Total Assets
$160,000
$70,000
Current Liabilities
$ 42,000
$35,000
Bonds Payable
$ 20,000
$12,000
Common Shares
$ 90,000
$12,000
Retained Earnings
$ 8,000
$11,000
Total Liabilities and Equity
$160,000
$70,000
Company A has decided to purchase 100% of the voting shares of
Company B for $100,000 cash on January 1, 2019. Immediately before
the acquisition, A and B reported cash balances of $300,000 and
$150,000 respectively. If Consolidated Financial Statements were
prepared immediately following the acquisition, how much Cash would
be reported on A's consolidated balance sheet?
Question 9 options:
$250,000
$550,000
$450,000
$350,000