Consolidation workpaper entries are made to eliminate 100 percent of the unrealized profit from the land account

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Consolidation workpaper entries are made to eliminate 100 percent of the unrealized profit from the land account in downstream sales of land. Is 100 percent also eliminated for upstream sales of land?

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Oct 17, 2011 05:04 AM

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Consolidation workpaper entries are made to eliminate 100 percent of the unrealized profit from the land account

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