Question
The condensed separate and consolidated balance sheets of Parent Corporation and its subsidiary, on the date of their business combination showed plant assets of parent,
The condensed separate and consolidated balance sheets of Parent Corporation and its subsidiary, on the date of their business combination showed plant assets of parent, subsidiary and consolidated as: $400,000, $100,000 and $530,000 respectively.The fair value of subsidiarys plant assets is:
a.
$430,000.
b.
$130,000.
c.
$370,000.
d.
$70,000.
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
