19) When Pepper Co. acquired 80% of the common stock of Salt Corp., Salt owned land with a book value of $150,000 and a fair value of $200,000. What amount should have been reported for the land in a consolidated balance sheet at the acquisition date? a) $40,000 b) $150,000 c) $160,000 d) $200,000 20) Refer again to Question 19. What is the total amount of excess land allocation at the acquisition date? a) $50,000 b) $40,000 c) $200,000 d) 50 21) Refer again to Question 19. What is the amount of excess land allocation attributed to the controlling interest at the acquisition date? a) $160,000 b) $50,000 c) $40,000 d) $20,000 22) Refer again to Question 19. What is the amount of excess land allocation attributed to the noncontrolling interest at the acquisition date? a) 50 b) $20,000 c) $50,000 d) $10,000 23) Pumpkin Corp. acquired 60% of the common stock of Spice Co. for $3,000,000. The fair value of Spice's net assets was $4,000,000, and the book value was $2,500,000. The noncontrolling interest shares of Spice CoO are not actively traded. What is the total amount of goodwill recognized at the date of acquisition? a) $1,500,000 b) $1,000,000 c) $500,000 d) $0