sfritz5657 sfritz5657

06-06-2023
Business

contestada

1. The profit on the sale of land between a parent and its subsidiary ________.
a. Both statements are true.
b. Can be partially realized if the value of land appreciates (i.e., increases) regardless of being sold to outsiders or not.
c. None of these statements are true. => incorrect
d. Is realized when the land is later sold to outsiders.
2. which one is debited and which one is credited ?

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