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Assume Paris's Land Account Had a Book Value of $50,000

Question 3

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Assume Paris's land account had a book value of $50,000 and a fair value of $70,000 on January 1,2011.Using the parent company and entity theories,what amounts would be reported on the consolidated balance sheet at January 1,2011 for the land account? Parent Company Theory Entity Theory


A) Assume Paris's land account had a book value of $50,000 and a fair value of $70,000 on January 1,2011.Using the parent company and entity theories,what amounts would be reported on the consolidated balance sheet at January 1,2011 for the land account? Parent Company Theory Entity Theory A) B) C) D)
B) Assume Paris's land account had a book value of $50,000 and a fair value of $70,000 on January 1,2011.Using the parent company and entity theories,what amounts would be reported on the consolidated balance sheet at January 1,2011 for the land account? Parent Company Theory Entity Theory A) B) C) D)
C) Assume Paris's land account had a book value of $50,000 and a fair value of $70,000 on January 1,2011.Using the parent company and entity theories,what amounts would be reported on the consolidated balance sheet at January 1,2011 for the land account? Parent Company Theory Entity Theory A) B) C) D)
D) Assume Paris's land account had a book value of $50,000 and a fair value of $70,000 on January 1,2011.Using the parent company and entity theories,what amounts would be reported on the consolidated balance sheet at January 1,2011 for the land account? Parent Company Theory Entity Theory A) B) C) D)

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