A) $2,700.
B) $3,370.
C) $3,300.
D) $3,260.
E) $3,340.
Answer: D
Learning Objective: 02-05
Learning Objective: 02-06a
Learning Objective: 02-07
Topic: Acquisition―Allocate fair value
Topic: Acquisition―Calculate consolidated balances
Difficulty: 2 Medium
Blooms: Apply
AACSB: Knowledge Application
AICPA: BB Critical Thinking
AICPA: FN Measurement
Feedback: Consolidated Value of Buildings Determined by adding the book value of Goodwin’s buildings ($2,700)to the Fair Value of Corr’s buildings ($560 FV) = $3,260
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