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Sameh Co. acquired 80% of the common stock of Deema Ca. At the time, Sameh held fand with a book value af $200.000 and a
Sameh Co. acquired 80% of the common stock of Deema Ca. At the time, Sameh held fand with a book value af $200.000 and a fair value of$260,000; Deema held land with a book value of $50.000 and fair vakue of $700,.000. At what amount would land be reported in a consolidated balance sheet prepared immediately after the combinaton ?
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