Unformatted text preview: of land that cost $200,000 but was worth $500,000 at the date of purchase. For each of the three concepts described in this chapter, what value would be attributed to this land in a consolidated balance sheet at the date of takeover? Economic Proportionate Parent Company Unit Concept Consolidation Concept a. $500,000 $300,000 $500,000 b. $200,000 $120,000 $500,000 c. $200,000 $120,000 $380,000 d. $500,000 $300,000 $380,000...
View Full Document
- Spring '11
- Economics, outstanding voting stock, proportionate consolidation concept, Belwood Company, unit concept