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Chapter 5 Homework 1. Parent purchases Land on January 1, 2009 for $100,000. On January 1, 2010 parent sells land to 100% owned subsidiary for

Chapter 5 Homework 1. Parent purchases Land on January 1, 2009 for $100,000. On January 1, 2010 parent sells land to 100% owned subsidiary for $140,000. Subsidiary holds land until December 31, 2014 a...

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