A) $1,200.
B) $1,515.
C) $1,540.
D) $1,800.
E) $2,140.
Answer: C
Learning Objective: 02-05
Learning Objective: 02-06a
Learning Objective: 02-07
Topic: Acquisition―Allocate fair value
Topic: Acquisition―Calculate consolidated balances
Difficulty: 1 Easy
Blooms: Apply
AACSB: Knowledge Application
AICPA: BB Critical Thinking
AICPA: FN Measurement
Feedback: $1,200 + $340 = $1,540
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