Answer:
The amount of total assets did Beta report in its balance sheet immediately after the acquisition is $650,000. The right answer is B
Explanation:
In order to calculate the amount of total assets did Beta report in its balance sheet immediately after the acquisition we would have to make the following calculation:
amount of total assets did Beta report in its balance sheet=Total assets reported by beta+Fair value of the investment
According to the given data:
Total assets reported by beta=$500,000
Fair value of the investment=$150,000
Therefore, amount of total assets did Beta report in its balance sheet=$500,000+$150,000
amount of total assets did Beta report in its balance sheet=$650,000
The amount of total assets did Beta report in its balance sheet immediately after the acquisition is $650,000