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Company purchased 100% of the voting common stock of Super Company for $2,000,000. There are no liabilities. The following book and fair values pertaining to

Company purchased 100% of the voting common stock of Super Company for $2,000,000. There are no liabilities. The following book and fair values pertaining to Super Company are available:

PLEASE PROVIDE STEPS

Book Value

Fair Value

Current assets

$300,000

$600,000

Land and building

600,000

900,000

Machinery

500,000

600,000

Goodwill

100,000

?

The amount of machinery that will be included in on the consolidated balance sheet is:

a.

$560,000

b.

$860,000

c.

$600,000

d.

$900,000

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