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QUESTION 14 Major buys 90% of Little, and has control. What amounts will be shown in the consolidated balance sheet at the acquisition date for
QUESTION 14
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Major buys 90% of Little, and has control. What amounts will be shown in the consolidated balance sheet at the acquisition date for Littles assets and liabilities?
a. 100% of their book values
b. 100% of their fair values
c. 90% of the book value
d. 90% of the fair value
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