MacHeath Inc

Multiple Choice

MacHeath Inc.bought 60% of the outstanding common stock of Nomes Inc.in a business combination that resulted in the recognition of goodwill.Nomes owned a piece of land that cost $250,000 but was worth $600,000 at the date of purchase.What value would be attributed to this land in a consolidated balance sheet at the date of takeover,according to the acquisition method per SFAS 141(R) and the purchase method per SFAS 141?

A) Entry A
B) Entry B
C) Entry C
D) Entry D
E) Entry E