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The 20X1 unrealized gain from the intercompany sale: Select one: a. should be recognized in consolidation in 20X1 by a working paper entry b. should
The 20X1 unrealized gain from the intercompany sale:
Select one:
a.
should be recognized in consolidation in 20X1 by a working paper entry
b.
should be eliminated from consolidated net income by a working paper entry that credits land for $14,000
c.
should be eliminated from consolidated net income by a working paper entry that debits land for $14,000
d.
should be eliminated from consolidated net income by a working paper entry that credits gain on sale of land for $14,000
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