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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...
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This note was uploaded on 09/21/2011 for the course ACCOUNTING 105 taught by Professor Tang during the Spring '11 term at Aachen University of Applied Sciences.
- Spring '11