Question
In the consolidation journal entry, if the fair value of land is less than its book value then land will be credited and investment account
In the consolidation journal entry, if the fair value of land is less than its book value then land will be credited and investment account will be debited.
True
False
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
