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On January 1 of the current year, Halen Company purchased all of the common shares of...

On January 1 of the current year, Halen Company purchased all of the common shares of Jolson Company for $575,000 cash. On this date, the stockholders' equity of Halen Company consisted of $600,000 in common stock and $310,000 in retained earnings. Jolson Company had $350,000 in common stock and $225,000 in retained earnings. What amount of total stockholders' equity appears on the consolidated balance sheet?

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Answer #1
Total stockholders' equity on the consolidated balance sheet
Halen Company
Balance sheet (Partial)
Common stock        600,000
Retained earnings        310,000
Consolidated stockholders' equity          910,000
Since all of the shares has been acquired by halen, hence there is no controlling interest, therefore nothing will be added as non-controlling interest in the consolidated equity
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