The parent recognizes a gain on the sale of land to a subsidiary before the...
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The parent recognizes a gain on the sale of land to a subsidiary before the subsidiary sells it to an outside entity
Select one: True False IF equipment account at 1/1/2019 was ( 50,000 for parents ,60,000 for subsidiary ) and at 31/12/2019 ( 160,000 for patents,180,000 for subsidiary ) if equipment in subsidiary co fair value at beginning of the year was less than book value by 5,000$ and useful life 5 years. what the amount of equipment reported in consolidated balance sheet in 1/1/2019
Select one: a. 110,000 b. 104,000 c. 106,000 d. 105,000
The parent recognizes a gain on the sale of land to a subsidiary before the subsidiary sells it to an outside entity
Select one:
True
False
IF equipment account at 1/1/2019 was ( 50,000 for parents ,60,000 for subsidiary ) and at 31/12/2019 ( 160,000 for patents,180,000 for subsidiary ) if equipment in subsidiary co fair value at beginning of the year was less than book value by 5,000$ and useful life 5 years. what the amount of equipment reported in consolidated balance sheet in 1/1/2019
Select one:
a. 110,000
b. 104,000
c. 106,000
d. 105,000
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