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A parent sells land carried on its books at $30,000 to a subsidiary in a prior year for $75,000. The subsidiary sells the land in

A parent sells land carried on its books at $30,000 to a subsidiary in a prior year for $75,000. The subsidiary sells the land in the current year to a third party for $65,000. On the consolidated income statement for the current year, the gain (loss) on sale of land is

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