Business, 29.02.2020 06:05, gorillalover9000

1. A parent sells land costing $40,000 to a subsidiary in 2018 for $55,000. The subsidiary sells the land in 2020 to a third party for $65,000. On the consolidated income statement for 2020, the gain on sale of land is: A. $15,000 B. $0 C. $25,000 D. $10,000

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1. A parent sells land costing $40,000 to a subsidiary in 2018 for $55,000. The subsidiary sells the...