Question: 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
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?
Parent /Subsidiary
a) Book Value /Book Value
b) Book Value /Fair Value
b) Fair Value/ Fair Value
d) Fair Value/ Book Value
e) Cost/ Cost
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