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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

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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 Super Company are available: Current assets Land and building Machinery Goodwill Book Value $300,000 600,000 500,000 100,000 Fair Value $600,000 900,000 650,000 ? The amount of machinery that will be included in on the consolidated balance sheet is: Select one: a. $560,000 b. $900,000 O c. $650,000 d. $860,000 Percy Inc. acquired 80% of the outstanding stock of Sillson Company in a business combination. The book values of Sillson's net assets are equal to the fair values except for the building, whose net book value and fair value are $500,000 and $900,000, respectively. At what amount is the building reported on the consolidated balance sheet? Select one: O a. $640,000 b. $400,000 O c. $900,000 O d. $500,000

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