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ioda
3 years ago
11

1. A parent company sells land to its wholly-owned subsidiary in 2015, reporting a gain of $35,000. In 2020, the subsidiary sell

s the land to an outside developer and reports a gain of $60,000. In the 2020 consolidation working paper, the elimination of this transaction will result in: A. A $35,000 decrease in beginning retained earnings B. A $60,000 increase in investment in subsidiary C. A $95,000 decrease in land D. A $35,000 increase in gain on sale of land
Business
1 answer:
Sedbober [7]3 years ago
8 0

Answer:

Explanation:

A $60,000 increase in investment in subsidiary

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Swifty Corporation plans to introduce a new product and is using the target cost approach. Projected sales revenue is $850500 ($
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3 years ago
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pickupchik [31]

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Answer:

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Explanation:

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3 years ago
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