Fine Co Issued Its Common Stock in Exchange for the Common

question 116

Essay

Fine Co. issued its common stock in exchange for the common stock of Dandy Corp. in an acquisition. At the date of the combination, Fine had land with a book value of $480,000 and a fair value of $620,000. Dandy had land with a book value of $170,000 and a fair value of $190,000.Required:What was the consolidated balance for Land in a consolidated balance sheet prepared at the date of the acquisition combination?

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Definitions:

Training Stimulus

A specific environmental event or condition presented with the purpose of eliciting a particular response during the learning process.

Test Stimuli

Specific items or presentations used in experimental settings to elicit responses from subjects under study, aimed at investigating behaviors, perceptions, or cognitive processes.

Stimulus Generalization

A psychological phenomenon where a conditioned response begins to occur in response to stimuli that are similar to the conditioned stimulus.

Discriminative Operant

A type of operant conditioning where the organism learns to respond differently to various stimuli depending on whether the behavior will be reinforced.