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A parent sells land costing $50,000 to a subsidiary in 2016 for $95,000. The subsidiary sells the land in 2018 to a third party for

A parent sells land costing $50,000 to a subsidiary in 2016 for $95,000. The subsidiary sells the land in 2018 to a third party for $130,000. On the consolidated income statement for 2018, the gain on...

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