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What should be the total assets reported by combined entity

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Question - On December 31, 20X1, Par Inc reported total assets of $572,395, while Sub Corp reported total assets of $114,471. The fair values of Sub's assets and liabilities on the same date were $142,709 and $32,817 respectively. On the morning of January 1, 20X2, Par agreed to acquire 100% of Sub for a total value of 78.57% of Sub for a total value of $190,790 by paying cash. On the consolidated balance sheet immediately after the acquisition, what should be the total assets reported by the combined entity under the identifiable-net-assets (INA) method?

Reference no: EM133064301

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