江西财经大学高级财务会计国际学院题库chapter_11.docVIP

Advanced Accounting, 11e (Beams/Anthony/Bettinghaus/Smith) Chapter 11 Consolidation Theories, Push-Down Accounting, and Corporate Joint Ventures Multiple Choice Questions Use the following information to answer the question(s) below. Pasfield Corporation acquired a 90% interest in Santini Corporation for $90,000 cash on January 1, 2011. The following information is available for Santini at that time. Book Value Fair Value Difference Current assets $40,000 $50,000 $10,000 Plant assets 60,000 75,000 15,000 Liabilities (50,000) (50,000) 0 Net assets $50,000 $75,000 1) Under the entity theory,