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P Ltd acquired 80% of S Ltd in 20x6. In February 20x7, P Ltd sold a piece of land, which was carried in its books

P Ltd acquired 80% of S Ltd in 20x6. In February 20x7, P Ltd sold a piece of land, which was carried in its books at $100 million, to S Ltd for $120 million. S Ltd sold the land to outside party for $150 million in March 20x8. The consolidation adjusting entries required in relation to the land for 20x7 and 20x8 consolidation should be:

2017:

2018:

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