Fine Co. issued its common stock in exchange for the common stock of Dandy Corp....
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Fine Co. issued its common stock in exchange for the common stock of Dandy Corp. in an acquisition. At the date of the combination, Fine had land with a book value of $520,000 and a fair value of $595,000. Dandy had land with a book value of $230,000 and a fair value of $290,000. What was the consolidated balance for Land in a consolidated balance sheet prepared at the date of the acquisition combination?
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