Peoplemag sells a plot of land for $100,000 to seven star company, its 100 percent owned subsidiary, on january 1, 20x7. the cost of the land was $75,000, when it was purchased in 20x6. in 20x9, seven star sells the land to hot properties inc., an unrelated entity, for $120,000. how is the land reported in the consolidated financial statements for 20x7, 20x8 and 20x9? prepare simple equity-method journal entries related to an intercompany land transfer. record journal entries

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.