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What was the consolidated balance for land

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Question - Fine Co. issued its common stock in exchange for the common stock of Dandy Corp. in an acquisition. At the date of the combination, Fine had land with a book value of $480,000 and a fair value of $620,000. Dandy had land with a book value of $170,000 and a fair value of $190,000.

Required: What was the consolidated balance for Land in a consolidated balance sheet prepared at the date of the acquisition combination?

Reference no: EM131826920

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