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Test Bank for Advanced Accounting 11th Edition Hoyle, Schaefer, Doupnik.
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Multiple Choice Questions 1. At the date of an acquisition which is not a bargain purchase, the acquisition method A. consolidates the subsidiary's assets at fair value and the liabilities at book value. B. consolidates all subsidiary assets and liabilities at book value. C. consolidates all subsidiary assets and liabilities at fair value. D. consolidates current assets and liabilities at book value, long-term assets and liabilities at fair value. E. consolidates the subsidiary's assets at book value and the liabilities at fair value. Full file at 2. In an acquisition where control is achieved, how would the land accounts of the parent and the land accounts of the subsidiary be combined? A. Option A B. Option
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ACCOUNTING 11
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ACCOUNTING 11
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test bank for advanced accounting 11th edition hoyle
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