AInc Purchased 100% of B Inc

question 33

Multiple Choice

AInc. purchased 100% of B Inc.'s voting shares for cash. The Assets and Liabilities reported in the Consolidated Balance Sheet of A Inc. prepared on the date of acquisition will include:

• A) the book value of A's assets and liabilities plus the book value of B's assets and liabilities.
• B) the fair market value of A's assets and liabilities plus the book value of B's assets and liabilities.
• C) the book value of A's assets and liabilities plus the fair market value of B's assets and liabilities.
• D)the fair market value of A's assets and liabilities plus the fair market value of B's assets and liabilities.

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