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$50$

Mittelstaedt, incorporabed, buys $60$ percent of the outstanding stock of Sherny, incorporated. Sherry owns a plece of iand that cost $$284,000$ but had a fair value of $$674,000$ at the accuastion date. What value should be attributed to this land in a consoldated balance sheet at the date of takeover?

$1\mathrm{.}5$

points

$91347$

Multiple Choice

$$574,060$

$$170,400.$

$$310,000.$

$$503,660.$

$($Hew

Prey

$50$ of $50$

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