Business, 28.08.2019 05:10 TamB01

In preparing the consolidation worksheet for a business combination accounted for as a purchase using the purchase method, which one of the following is the appropriate basis for valuing fixed assets of a wholly-owned subsidiary? fair value of the assets only. book value as shown on the books of the subsidiary. book value plus any excess of purchase price over book value of the acquired assets and liabilities. historical cost as shown on the books of the subsidiary. current carrying value.

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