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) $\begin{array} { cc} & \text { Cost } &&&& \text { Cost } \\\end{array}$

---

Definitions:

Proficiency Stage

Refers to a level in learning or development where an individual can perform a skill smoothly and efficiently without needing assistance.

Skill Development

The process of learning and refining abilities or expertise in a particular area through training and practice.

Nutrition Counselors

Professionals who provide guidance and advice on eating habits and nutrition to improve health.

Skill Development

The process of learning new skills or enhancing existing ones through practice and education.