Business, 13.03.2020 02:08, nanakwameyeb

On November 8, 2018, Power Corp. sold land to Wood Co., its wholly owned subsidiary. The land cost $61,500 and was sold to Wood for $89,000. For consolidated financial statement reporting purposes, when must the gain on the sale of the land be recognized?

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On November 8, 2018, Power Corp. sold land to Wood Co., its wholly owned subsidiary. The land cost $...