Question
on January 1,2020 ,ELVA CORP . PAID 750000 FOR 80% OF FENTON CO. WHEN THE BOOK VALUE OF FENTON S NET ASSETS WAS 80000 fenton
on January 1,2020 ,ELVA CORP . PAID 750000 FOR 80% OF FENTON CO. WHEN THE BOOK VALUE OF FENTON S NET ASSETS WAS 80000 fenton owned a building with a fair value of 150000 and book value of 120000
at what a mount would the building appear on a consolidation balance prepared immedialy after the combination , under the acquistion method of acoounting for business combination?
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Management Accounting A Business Planning Approach
Authors: Noah P. Barsky, Jr. Anthony H. Catanach
2nd Edition
1516506286, 978-1516506286
