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Parr Company Purchased 100% of the Voting Common Stock of Super

Question 22

Multiple Choice

Parr Company purchased 100% of the voting common stock of Super Company for $2,000,000. There are no liabilities. The following book and fair values are available: Parr Company purchased 100% of the voting common stock of Super Company for $2,000,000. There are no liabilities. The following book and fair values are available: The machinery will appear on the consolidated balance sheet at ____. A) $560,000 B) $860,000 C) $600,000 D) $900,000 The machinery will appear on the consolidated balance sheet at ____.


A) $560,000
B) $860,000
C) $600,000
D) $900,000

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