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What is the consolidated fixed assets

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Question - 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

A. What is the consolidated fixed assets under the acquisition method?

B. What is the consolidated fixed assets under the purchase method?

C. What is the consolidated fixed assets under the pooling of interests method?

Reference no: EM132019364

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