Ashley, Inc. purchased 100% of the outstanding common stock of Barrett, Inc. two years ago. At...

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Ashley, Inc. purchased 100% of the outstanding common stock of Barrett, Inc. two years ago. At that time, Barrett, Inc. had land with a BV of $100,000 and a FMV of $125,000, and Barrett, Inc. still owns the land. The current FMV of the land is $200,000. The consolidated balance of that land would be consolidation entry relating to the land will be a) $100,000; Debit to Land of $25,000 and the b) $100,000; Debit to Goodwill of $25,000 c) $125,000; Debit to Land of $25,000 Ashley, Inc. purchased 100% of the outstanding common stock of Barrett, Inc. two years ago. At that time, Barrett, Inc. had land with a BV of $100,000 and a FMV of $125,000, and Barrett, Inc. still owns the land. The current FMV of the land is $200,000. The consolidated balance of that land would be consolidation entry relating to the land will be a) $100,000; Debit to Land of $25,000 and the b) $100,000; Debit to Goodwill of $25,000 c) $125,000; Debit to Land of $25,000