the profit on the sale of land between a parent and its subsidiary . group of answer choices can be partially realized if the va

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the profit on the sale of land between a parent and its subsidiary . group of answer choices can be partially realized if the va

lue of land appreciates (i.e., increases) regardless of being sold to outsiders or not. none of these statements are true. is realized when the land is later sold to outsiders. both statements are true.

Business

1 answer:

stellarik [79] · Answer 1 · 2024-02-25T19:47:37+03:00

At the time of the arrive deal, both the dealer and buyer account for the exchange as in the event that it were entered into with an irrelevant commerce.

What Is the Impact of the Intercompany Deal of Arrive on Solidified Net Income?

When a gather of two or more businesses is required to report money related comes about on a solidified premise, for the most part acknowledged bookkeeping standards, or GAAP, require the end of intercompany deals amid the combination prepare. Disposing of the intercompany deal of arrive has an prompt impact on the sum of solidified net salary detailed on the benefit and misfortune explanation. The fundamental disposal sections can influence future solidified net salary in case the arrive is ever sold to an disconnected party.

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