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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Viewthrough

A metric that measures the number of users who see an ad but don't click on it immediately, yet still take a related action later on.

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