In an Acquisition Where Control Is Achieved, How Would the Land

question 66

Multiple Choice

In an acquisition where control is achieved, how would the land accounts of the parent and the land accounts of the subsidiary be combined? $$\begin{array} { | l | l | l | } \hline & \text { Parent } & \text { Subsidiary } \\\hline \text { A) } & \text { Book Value } & \text { Book Value } \\\hline \text { B) } & \text { Book Value } & \text { Fair Value } \\\hline \text { C) } & \text { Fair Value } & \text { Fair Value } \\\hline \text { D) } & \text { Fair Value } & \text { Book Value } \\\hline \text { E) } & \text { Cost } & \text { Cost } \\\hline\end{array}$$

• A)Option A
• B)Option B
• C)Option C
• D)Option D
• E)Option E

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