IF equipment account at 1/1/2019 was ( 50,000 for parents ,60,000 for subsidiary ) and at 31/12/2019 ( 160,000 for patents,180,000 for subsidiary ) if equipment in subsidiary co fair value at beginning of the year was less than book value by 5,000$ and useful life 5 years. what the amount of equipment reported in consolidated balance sheet in 1/1/2019

Select one: a. 110,000 b. 106,000 c. 104,000 d. 105,000

The debit side in the entry to eliminate intercompany sales of land is gian from sales of land

Select one: True False

UPstream sale is a sale by a parent to a subsidiary

Select one: True False