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q7 Question 7 1 pts A parent company and its subsidiaries own the following properties at year-end: Land held by a subsidiary for 2.100,000 future
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Question 7 1 pts A parent company and its subsidiaries own the following properties at year-end: Land held by a subsidiary for 2.100,000 future factory site Machinery leased out by the parent company to an 600.000 unrelated party under an operating lease Property held by the parent company under construction 3.600.000 for use as investment property Land held by the parent company for an undetermined 3.000.000 use Building owned by the parent company leased out to one of 1.500.000 its subsidiaries under an operating lease Property used by a subsidiary 2.400.000 for use in production In the parent company's separate financial statements, how much should be reported as investment property? operating lease Property used by a subsidiary for use in production 2.400,000 In the parent company's separate financial statements, how much should be reported as investment property? O 8.100.000 O 8.700.000 o 7.200.000 O 6.600.000 INStep by Step Solution
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