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Question 6 (1 point) Assume that Putt Limited owns 80% of Sub Inc. At the date of acquisition, Sub Inc.'s inventory had a cost
Question 6 (1 point) Assume that Putt Limited owns 80% of Sub Inc. At the date of acquisition, Sub Inc.'s inventory had a cost of $40,000 and a fair market value of $51,000. At what value will that inventory be reflected on the consolidated balance sheet at the date of acquisition? Round to the nearest dollar, no $ signs or commas.
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