Bailey inc. buys 60 of the outstanding stock of luebs inc., Ask an Expert

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Bailey, inc. buys 60% of the outstanding stock of luebs, inc. Luebs owns a piece at cost of $200000 but was worth $500000 at acquistion date. What value should be attributed to this land in consolidated balance sheet at the date of takeover, Using the acquistion method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9435110

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