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On January 1, 2017, Parent company sold to subsidiary company for $150,000 a parcel of land that had cost the parent $400,000. On March 2,
On January 1, 2017, Parent company sold to subsidiary company for $150,000 a parcel of land that had cost the parent $400,000. On March 2, 2020, subsidiary company sold the land to an outside company for $450,000. Working paper entries on December 31, 2018 will include
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