Reference no: EM132987054

On January 1, 2010 hand acquires 100% of finger in a statutory merger. At acquisition date the following were the book values and fair values of fixed assets of these two companies;

                              Book value             Fair value
Hand                  900,000                  800,000
Finger                200,000                       300,000

Problem a. What is consolidated fixed assets under the acquisition method

Problem b. What is consolidated fixed assets under the purchase method

Problem c. What is consolidated fixed assets under the pooling of interest method