Atwater Company acquires 80 percent of the outstanding voting stock of Belwood Company. On that date, Belwood
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Atwater Company acquires 80 percent of the outstanding voting stock of Belwood Company. On that date, Belwood possesses a building with a \($160,000\) book value but a \($220,000\) fair value. Assuming that a bargain purchase has not been made, at what value would this building be consolidated under each of the following?
a. Acquisition method
b. Purchase method
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