Question: On January 1 , 2 0 X 9 , Peanuts Corporation acquired 8 0 percent of Schulz Corporation's voting common stock. On that date, Peanuts
On January X Peanuts Corporation acquired percent of Schulz Corporation's voting common stock. On that date, Peanuts had equipment with a book value of $ and a fair value of $ Schulz's buildings and equipment had a book value of $ and a fair value of $ at the time of acquisition. What will be the amount at which buildings and equipment will be reported in consolidated statements immediately following the acquisition?
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