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

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5. 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: 9781292214597

13th Global Edition

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

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Question Posted: Jul 20, 2024 04:03 AM

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

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Advanced Accounting

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