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Business, 26.08.2019 19:00 shatoriahubbard3255

Princeton company acquired 75 percent of the common stock of sheffield corporation on december 31, 20x9. on the date of acquisition, princeton held land with a book value of $150,000 and a fair value of $300,000; sheffield held land with a book value of $500,000 and fair value of $500,000. at what amount would land be reported in a consolidated balance sheet prepared immediately after the combination?

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