MacHeath Inc

question 49

Multiple Choice

MacHeath Inc. bought 60% of the outstanding common stock of Nomes Inc. in an acquisition business combination that resulted in the recognition of goodwill. Nomes owned a piece of land that cost $250,000 but was worth $600,000 at the date of acquisition. What value would be attributed to this land in a consolidated balance sheet at the date of acquisition?

• A) $250,000.
• B) $150,000.
• C) $600,000.
• D) $360,000.
• E) $460,000.

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Definitions:

Eccrine Glands

Sweat glands that are found all over the human body and help to regulate body temperature through perspiration.

Puberty

The developmental stage in humans when adolescents undergo physical and hormonal changes that lead to sexual maturity and fertility.

Rosacea

A condition characterized by chronic redness and acne over the nose and cheeks.

Unknown

Information or data that is not known, identified, or established.