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Business, 26.01.2022 04:40 ibrahimrathwalp96hmj

Pigeon Corp. acquired Seagull Co. for cash in a business combination on December 31, 2002. The purchase price exceeded the fair value of identifiable net assets by $250,000. On December 31, 2002, Seagull owned land with a fair value of $150,000 and a book value of $100,000. A consolidated balance sheet prepared on December 31, 20X2, would:

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Pigeon Corp. acquired Seagull Co. for cash in a business combination on December 31, 2002. The purch...
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