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On January 1, 2019, Peasy Corporation acquired 80 percent of Squeezy Corporation's voting common stock. On that date, Peasy reported buildings and equipment on its

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On January 1, 2019, Peasy Corporation acquired 80 percent of Squeezy Corporation's voting common stock. On that date, Peasy reported buildings and equipment on its general ledger at a book value of $69000. 01/01/19, the fair value of the Peasy's buildings & equipment was $59000. On 01/01/19, Squeezy reported buildings and equipment on its general ledger at a book value of $48000. On that same date, the fair value of the Squeezy's buildings & equipment was $60000. What will be the amount at which buildings and equipment will be reported in consolidated balance sheet immediately following the acquisition

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