Parr Company Purchased 100% of the Voting Common Stock of Super

question 25

Multiple Choice

Parr Company purchased 100% of the voting common stock of Super Company for $2,000,000. There are no liabilities. The following book and fair values pertaining to Super Company are available: The amount of machinery that will be included in on the consolidated balance sheet is:

• A)$560,000
• B)$860,000
• C)$600,000
• D)$900,000

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