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If Watkins Pays $450,000 in Cash for Glen, What Acquisition-Date

Question 87

Multiple Choice

If Watkins pays $450,000 in cash for Glen, what acquisition-date fair value allocation, net of amortization, should be attributed to the subsidiary's Equipment in consolidation at December 31, 2019?


A) ($5,000) .
B) $80,000.
C) $75,000.
D) $73,500.
E) ($3,500) .

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