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Question 7 Question 7 of 14 6 points Save Answer When James Co. acquired 75% of the common stock of Sunshine Corp., Sunshine owned

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Question 7 Question 7 of 14 6 points Save Answer When James Co. acquired 75% of the common stock of Sunshine Corp., Sunshine owned land with a book value of $70,000 and a fair value of $100,000. What amount should have been reported for the land on a consolidated balance sheet under acquisition method? O $75,000. O $70,000. $100,000. $92,500. A Moving to another

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