On January 1, 2020, Peasy Corporation acquired 60 percent of Squeezy Corporation's voting common stock. On that date, Peasy reported buildings and equipment on its general ledger at a book value of $66000. 01/01/20, the fair value of the Peasy's buildings & equipment was $59000. On 01/01/20, Squeezy reported buildings and equipment on its general ledger at a book value of $63000. On that same date, the fair value of the Squeezy's buildings & equipment was $90000. What will be the amount at which buildings and equipment will be reported in consolidated balance sheet immediately following the acquisition? BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE,

On January 1, 2020, Peasy Corporation acquired 60 percent of Squeezy Corporation's voting common stock. On that date, Peasy reported buildings and equipment on its general ledger at a book value of $66000. 01/01/20, the fair value of the Peasy's buildings & equipment was $59000. On 01/01/20, Squeezy reported buildings and equipment on its general ledger at a book value of $63000. On that same date, the fair value of the Squeezy's buildings & equipment was $90000. What will be the amount at which buildings and equipment will be reported in consolidated balance sheet immediately following the acquisition? BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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