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At what total value will the machinery account be reported

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Question - Adam Corp. acquired 60% of Khaled Corp. on January 1, 2021. On that date, Khaled Com had machinery with a book value of $114,332 and a fair value of $201.597. On the same date, Adam Corp, had machinery with a book value of $347,110 and a fair value of $541,896, At what total value will the machinery account be reported on the consolidated balance sheet prepared on January 1, 2021?

Reference no: EM133045836

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