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Posted on Sep 28, 2024

Macklin Company owned 7 0 % of Holland Corporation. During 2 0 2 4 , Macklin sold to Holland land with a book value of

Macklin Company owned

70 %

of Holland Corporation. During

2024,

Macklin sold to Holland land with a book value of $

51, 000 .

The selling price was

75, 000 .

For purposes of the December

31, 2024,

consolidated financial statements, at what amount should the land be reported?

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