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A company acquired the following assets associated with a manufacturing facility for a lump-sum price of $11,000,000. According to independent appraisals, the fair values were
A company acquired the following assets associated with a manufacturing facility for a lump-sum price of $11,000,000. According to independent appraisals, the fair values were S,500,000, $3,000,000, $4,500,000, and $6,000,000 for the bullding, patent, land, and equipment, respectively. The initia/ value of the parent would be?
A-0
B-3000000
C-3250000
D-2200000
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
17th Edition
1119613698, 978-1119613695
