6 Parents co sold land to its subsidiary which cost $15,000 for10,000,during 2019 subsidiary resold the land for 20,000 to third party in 2020 .the realized income reported in 2019 will be?

Select one: a. 10,000 loss b. 5,000 profit c. 0 d. 5,000 loss

8

W, Inc. holds 100% of the common stock of C Co, an investment acquired for $680,000. Immediately following the combination,W net assets have a book value of $1,150,000 and a fair value of $1,390,000. The book value and the fair value of C net assets on the date of combination are $400,000 and $550,000, respectively. Immediately following the combination, a consolidated balance sheet is prepared

Based on the information given above, what will be the amount of total consolidated stockholders' equity be reported in the consolidated balance sheet prepared immediately following the combination

Select one: a. 1,150,000 b. 1,550,000 c. 1700,000 d. 1,390,000