QUESTION 32 When John Belushi Co. acquired 80% of the common stock of Dan Aykroyd Corp., Dan Aykroyd owned land with a book value of $75,000 and a fair value of $125,000. What amount should have been reported for the land in a consolidated balance sheet at the acquisition date? $75,000 $60,000 $100,000 $125,000 None of the above