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What amount building reported on consolidate balance sheet

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Question 1: Bower Inc acquired 60% of the outstanding stock of Menda Company. The book values of Menda's net assets are equal to the fair values except for the building, whose net book value and fair value are $400,000 and 600,000, respectively. At what amount is the building reported on the consolidated balance sheet?

a. $520,000.

b. $360,000.

c. $600,000

d. $400,000

Reference no: EM132497321

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