In Consolidation at December 31, 2020, What Adjustment Is Necessary

question 45

Multiple Choice

In consolidation at December 31, 2020, what adjustment is necessary for Hogan's Land account?

• A) $7,000 decrease.
• B) $7,000 increase.
• C) $6,300 increase.
• D) $6,300 decrease.
• E) No adjustment is necessary.

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