13.) In a business combination accounted for as a purchase in which 100% of the target company's common stock was acquired. How should the following items of the target company be reported in the consolidated balance sheet prepared immediately after the combination? Inventories Long-Term Debt a Current value Book value b. Book value Current value C . Book value Book value d. Current value Current value (4In a step acquisition, Pardox went from 25% ownership of Sardox to 100% ownership. immediately before achieving control, Pardox's analysis of its investment account showed $20,000 assigned to undervalued land of Sardox. At the control date. Sardox's land had a current value of $500,000 and a book value of $400,000. At what amount should Sardox's land be reported in the consolidated financial statements? a. $400,000 b. $420,000 C. $495,000 d. $500,000 IS The consolidated income statement amounts are the same a. Whether the cost method or the equity method is used by the parent company. b. Whether all of the target company's common stock is acquired or all of its assets are acquired c. In both a and b d In neither a nor b