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QUESTION 9 3 points Save Answer 1. In an acquisition where 100% control is acquired, how would the land accounts of the parent and the
QUESTION 9 3 points Save Answer 1. In an acquisition where 100% control is acquired, how would the land accounts of the parent and the land accounts of the subsidiary be reported on consolidated financial statements on the date of acquisition? a. Book value for both parent and subsidiary ob. Book value for parent, fair value for subsidiary C. Fair value for subsidiary, book value for parent d. Fair value for both parent and subsidiary QUESTION 10 3 points Save Answer Pisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporation. Entries for the consolidation of Pisa and Victoria would be recorded in A worksheet. a. O Pisa's general journal. Victoria's general journal. OC. The general journals of both companies
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