At what amount would the land be included in balance sheet

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Q1. If the fair value of Sub's land was $100,000 and its book value was $90,000 when Parent acquired 100% interest for cash, at what amount would the land be included in the consolidated balance sheet immediately after acquisition?

Q2. What would be the amount if the Parent had acquired an 80% interest in Sub?

Reference no: EM133116489

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