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On january 1 2010 hand acquires 100 of finger in a

Question - On January 1, 2010 Hand Acquires 100% of Finger in a statutory merger. At acquisition date the following were the book values and fair values of fixed assets of these two companies:

	Book Value	Fair Value
Hand	900,000	800,000
Finger	200,000	300,000

A. What is the consolidated fixed assets under the acquisition method?

B. What is the consolidated fixed assets under the purchase method?

C. What is the consolidated fixed assets under the pooling of interests method?

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Accounting Basics: On january 1 2010 hand acquires 100 of finger in a

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Accounting Basics: On january 1 2010 hand acquires 100 of finger in a

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