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Question 29 requires use of Exhibit 7 below for 2020: Exhibit 7: Worksheet for Balance Sheet (partial) (2020) Balance Sheet (selected) Parent Subsidiary Debit Credit

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Question 29 requires use of Exhibit 7 below for 2020: Exhibit 7: Worksheet for Balance Sheet (partial) (2020) Balance Sheet (selected) Parent Subsidiary Debit Credit NCI Consolidated Land 1.460,000 886,000 Remember: The subsidiary sold the land in 2020 to unrelated buyers. 29. Using data in Exhibit 7 above, given the inter-entity transactions, what would be the consolidated balance of Land at the end of 20207 A. $3.666.000. B. $2,346,000. C. $2,342,000. D. $1,980,000 30. Assuming the land is the only property disposition in the consolidated group for 2020, how much gain should be reported on the consolidated balance sheet at the end of the year? A. SO. B. S120,000 C. $820,000 D. $940.000

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