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Business, 20.11.2019 05:31 caeley

When jolt co. acquired 75% of the common stock of yelts corp., yelts owned land with a book value of $70, 000 and a fair value of $100, 000. what amount should have been reported for the land in a consolidated balance sheet at the acquisition date?
a) $ 52, 500.
b) $ 70, 000.
c) $ 75, 000.
d) $ 92, 500.
e) $ 100, 000.

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