Cosby Corporation Acquired 60 Percent of Huxtable Corporation's Voting Common

question 15

Multiple Choice

Cosby Corporation acquired 60 percent of Huxtable Corporation's voting common stock.Huxtable's buildings and equipment had a book value of $200,000 and a fair value of $250,000 at the time of the acquisition.What will be the amount at which Huxtable's buildings and equipment will be reported in consolidated statements on the acquisition date?

• A) $150,000
• B) $200,000
• C) $230,000
• D) $250,000

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Definitions:

Cardiovascular Disease

Denotes a group of conditions affecting the heart or blood vessels, including issues like coronary artery disease and stroke.

Physical Activity Levels

The extent or amount of physical movement that an individual performs, which can significantly affect health and well-being.

Physiological Risk Factors

Biological or bodily aspects that increase the likelihood of developing a disease or adverse health condition.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, leading to events such as heart attacks, strokes, and hypertension.