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Johnson, Inc. and Lucius, Inc. are related companies subject to consolidation. During the year, Lucius, Inc. sold land to Johnson, Inc. for $750,000 cash that
Johnson, Inc. and Lucius, Inc. are related companies subject to consolidation. During the year, Lucius, Inc. sold land to Johnson, Inc. for $750,000 cash that had a BV of $500,000 and a FMV of $700,00...
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
