A) $385,000.
B) $335,000.
C) $435,000.
D) $460,000.
E) $360,000.
Answer: C
Learning Objective: 02-05
Learning Objective: 02-06a
Learning Objective: 02-07
Topic: Acquisition―Allocate fair value
Topic: Acquisition―Calculate consolidated balances
Topic: Consolidation worksheet
Difficulty: 2 Medium
Blooms: Apply
AACSB: Knowledge Application
AICPA: BB Critical Thinking
AICPA: FN Measurement
Feedback: Flynn Equipment ($360,000) + Fair Value of Macek Equipment ($75,000) = $435,000
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