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d. $180,000 What amount of inventory would be added to the parents invertory balance to get consolidated inventory at date o


NAME ALLUU CASE 2 D in class Appendix 1 on January 1, 2018, 122, y acquires 100% of the stock of Santiago Corporation Lopez C
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Answer #1

1. b, $540000 will be added to the parent's inventory balance because inventory is valued at fair value at time of consolidation.

2.$1860000 as the equity includes the common stock,any additional paid up capital and retained earnings also because retained earnings are also part of equity.

3.$ 780000 as the land's fair value will be considered for consolidation. further all assets and liabilities will be taken at fair value except stock.

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