In an Acquisition Where 100% Control Is Acquired,how Would the Land

question 34

Short Answer

In an acquisition where 100% control is acquired,how would the land accounts of the parent and the land accounts of the subsidiary be reported on consolidated financial statements?
$\begin{array} { cc} &&& \text { Parent } && \text { Subsidlary } \\\end{array}$
A) $\begin{array} { cc} & \text { Buok Value } & \text { Baok Value } \\\end{array}$
B) $\begin{array} { cc} & \text { Bouk Value } & \text { Fair Value } \\\end{array}$
C) $\begin{array} { cc} & \text { Fair Value } & \text { Fair Value } \\\end{array}$
D) $\begin{array} { cc} & \text { Fair Value } & \text { Bouk Value } \\\end{array}$
E) $\begin{array} { cc} & \text { Cost } &&&& \text { Cost } \\\end{array}$

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Definitions:

Comparisons

The act of evaluating two or more items to highlight their similarities and differences.

Deception

The extent to which the participants in a research project are unaware of the project or its goals.

Reactivity

The tendency of people and events to react to the process of being studied.

Sororities

Social organizations at colleges and universities primarily for women, focusing on academic, philanthropic, and social activities.