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let's assume that James limited owns 75% of Rameses Inc. at the date of acquisition, Rameses land had a cost of $20,000 and FMV of

let's assume that James limited owns 75% of Rameses Inc. at the date of acquisition, Rameses land had a cost of $20,000 and FMV of $85000. what would be value reflected on consolidated financial statement at the date of acquisition?

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