On December 31, 2016, the land account balance in the books of Parent Company is $300,000 and in the books of the subsidiary is $340,000. No acquisition differential was allocated to land. What will be the amount of land in the consolidated balance sheet at December 31, 2016?
A) $520,000.
B) $544,000.
C) $550,000.
D) $640,000.
Correct Answer:
Verified
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