Compute consolidated land immediately following the acquisition.
A) $2,060.
B) $1,800.
C) $ 260.
D) $2,050.
E) $2,070.

Question

Quizplus · Accepted Answer

Consolidated land is calculated by adding the initial land value ($1,800) with the additional land value acquired ($250) and subtracting any elimination of intercompany transactions (-$0) between the two companies. Therefore, consolidated land value is ($1,800 + $250 - $0) = $2,050. Therefore, the correct answer is D.

Compute Consolidated Land Immediately Following the Acquisition