Question

based on the information provided, what amount will be included as investment in saturn corporation in the consolidated balance sheet immediately following the acquisition?

Answer 1

based on the information provided, $60,000 amount will be included as investment in saturn corporation in the consolidated balance sheet immediately following the acquisition.

The Saturn Corporation, often known as Saturn LLC, was a General Motors subsidiary that began operations as an American automaker on January 7, 1985.  In the beginning, the company was GM's attempt to directly compete with Japanese imports and transplants in the US compact car market. The company advertised itself as "a different kind of automotive company,"and it operated essentially autonomously from its parent company. introducing a new car, dealer network, pricing strategy, workforce, and independently run manufacturing facility in Spring Hill, Tennessee, in its entirety . Five years after the company's founding, the first automobiles themselves were launched, and they improved GM's spaceframe design while also demonstrating Saturn's value offer thanks to its dent-resistant polymer outer panels.

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