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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 on a Consolidated
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What Amount Should Have Been Reported for the Land on a Consolidated

Question 25

Question 25

Multiple Choice

What amount should have been reported for the land on a consolidated balance sheet,according to SFAS 141(R) ,using the acquisition method?


A) $70,000
B) $75,000
C) $85,000
D) $92,500
E) $100,000

Correct Answer:

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