Consolidation is the process of accounting where books of the parent company are reported along with the books of the subsidiary company in consolidated/combined form after making necessary adjustment entries as required in the process of consolidation. To Calculate : The fair value at the date of acquisition of building and equipment.

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Chapter 1, Problem 1.19E

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Concept Introduction: Consolidation is the process of accounting where books of the parent company are reported along with the books of the subsidiary company in consolidated/combined form after making necessary adjustment entries as required in the process of consolidation.

To Calculate: The fair value at the date of acquisition of building and equipment.

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