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Flag this Question Question 392 pts During 2019, Brooke sold to its subsidiary, Cabana, land with a book value of $507,000. The selling price was

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Flag this Question Question 392 pts During 2019, Brooke sold to its subsidiary, Cabana, land with a book value of $507,000. The selling price was $700,000. In its pre-consolidation accounting records, Brooke should: a. Recognize a "Gain on Sale of Land" of $193.000 b. Defer recognition of a "Gain on Sale of Land" entry until Cabana sells the land to a third party C. Recognize the gain over the asset's life d. Not recognize a gain

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