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    Exam 4: Consolidated Financial Statements and Outside Ownership
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    What Amount Should Have Been Reported for the Land in a Consolidated
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What Amount Should Have Been Reported for the Land in a Consolidated

Question 25

Question 25

Multiple Choice

What amount should have been reported for the land in a consolidated balance sheet at the acquisition date?


A) $ 52,500.
B) $ 70,000.
C) $ 75,000.
D) $ 92,500.
E) $100,000.

Correct Answer:

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