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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 valueHand 900,000 800,000Finger 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
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