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Watkins, Inc

Question 45

Multiple Choice

Watkins, Inc. acquires all of the outstanding stock of Glen Corporation on January 1, 2012. At that date, Glen owns only three assets and has no liabilities: Watkins, Inc. acquires all of the outstanding stock of Glen Corporation on January 1, 2012. At that date, Glen owns only three assets and has no liabilities: If Watkins pays $300,000 in cash for Glen, at what amount would the subsidiary's Building be represented in a January 2, 2012 consolidation? A) $200,000. B) $225,000. C) $273,000. D) $279,000. E) $300,000. If Watkins pays $300,000 in cash for Glen, at what amount would the subsidiary's Building be represented in a January 2, 2012 consolidation?


A) $200,000.
B) $225,000.
C) $273,000.
D) $279,000.
E) $300,000.

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