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If Watkins Pays $450,000 in Cash for Glen, What Amount

Question 30

Multiple Choice

If Watkins pays $450,000 in cash for Glen, what amount would be represented as the subsidiary's Building in a consolidation at December 31, 2019, assuming the book value of the building at that date is still $200,000?


A) $200,000.
B) $285,000.
C) $290,000.
D) $295,000.
E) $300,000.

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