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Business, 19.11.2019 02:31 pierrezonra

On january 1, 2015, elva corp. paid $750,000 for 80% of fenton co. when the book value of fenton's net assets was $800,000. fenton owned a building with a fair value of $150,000 and a book value of $120,000. required: at what amount would the building appear on a consolidated balance sheet prepared immediately after the combination, under the acquisition method of accounting for business combinations?

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