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Assume that the subsidairy's land was remeasured (revalued) through a proforma journal (fair value adjustment) at acquisition, and that this land was subsequently sold after

Assume that the subsidairy's land was remeasured (revalued) through a proforma journal (fair value adjustment) at acquisition, and that this land was subsequently sold after acquisition. True or false, the gain or loss on the subsequent sale of the land will be the same for the group as it is for the subsidiary. Question 5Select one: True False

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