Business, 26.08.2019 20:30, Dracopaul03

Any intercompany gain or loss on a downstream sale of land should be recognized in consolidated net income:
i. in the year of the downstream sale.
ii. over the period of time the subsidiary uses the land.
iii. in the year the subsidiary sells the land to an unrelated party. (points : 1)
i
ii
iii
i or ii

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Any intercompany gain or loss on a downstream sale of land should be recognized in consolidated net...