Baning Inc. Buys 60% Of The Outstanding Stock Of Gra Inc. In An Acquisition That Resulted In The Acq

Baning inc. buys 60% of the outstanding stock of gra inc. in an acquisition that resulted in the acquisition of goodwill. gra owns a piece of land that cost p200,000 but was worth p500,000 at the acquisition date. what value should be attributed to this land in a consolidated balance sheet at the date of a takeover

 

Answer:

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