Business, 10.10.2019 18:20 sparky1234

Princeton company acquired 75 percent of the common stock of sheffield corporation on december 31, 2011. 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 $100,000 and fair value of $500,000. what amount would land be reported in the consolidated balance sheet prepared immediately after the combination?

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