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29 (2 points) MacHeath Inc. bought 60% of the outstanding common stock of Nomes Inc. in an acquisition that resulted in the recognition of goodwill.
29 (2 points) MacHeath Inc. bought 60% of the outstanding common stock of Nomes Inc. in an acquisition that resulted in the recognition of goodwill. Nomes owned a piece of land that cost $250,000 but was worth $460,000 at the date of acquisition. What value would be attributed to this land in a consolidated balance sheet at the date of acquisition
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