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Katt Ltd. sold an asset to its parent company at a loss of $10,000. There was no evidence of any impairment of the asset when
- Katt Ltd. sold an asset to its parent company at a loss of $10,000. There was no evidence of any impairment of the asset when it was sold. The parent company owns 75% of Katt Ltd. How should the loss be treated on consolidation?
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