The parent recognizes a gain on the sale of land to a subsidiary before the subsidiary sells it to an outside entity

Select one:

True

False

IF equipment account at 1/1/2019 was ( 50,000 for parents ,60,000 for subsidiary ) and at 31/12/2019 ( 160,000 for patents,180,000 for subsidiary ) if equipment in subsidiary co fair value at beginning of the year was less than book value by 5,000$ and useful life 5 years. what the amount of equipment reported in consolidated balance sheet in 1/1/2019

Select one:

a. 110,000

b. 104,000

c. 106,000

d. 105,000