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On January 1, 2020, Combs Corporation sold atract of land to 100 owned subsidiary, Tinton Inc. for 550,000. The land originally cost Combs 5440,000 Tintoreporterat

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On January 1, 2020, Combs Corporation sold atract of land to 100 owned subsidiary, Tinton Inc. for 550,000. The land originally cost Combs 5440,000 Tintoreporterat comes 5270,000 and $305.000 for 2020 and 2021. respectively. Combs received dividends from Titan of 335.000 and $36.000 for 2020 and 2021. respectively What is the recorded in or loss on sale of the land on comprensation books in 2007 Select one A $110.000 150.000 $110.000 DO

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