On a Consolidation Worksheet, What Adjustment Would Be Made for 2017

question 23

Multiple Choice

On a consolidation worksheet, what adjustment would be made for 2017 regarding the land transfer?

• A) Debit gain for $50,000.
• B) Credit gain for $50,000.
• C) Debit land for $15,000.
• D) Credit land for $15,000.
• E) Credit gain for $15,000.

---

Definitions:

Team Spirit

The feelings of camaraderie, enthusiasm, and dedication shared among members of a team toward achieving common goals.

Creativity

is the ability to produce original and valuable ideas or solutions by thinking beyond traditional frameworks and exploring novel possibilities.

Stability

The state of being resistant to change and not prone to wild fluctuations in emotion or operation.

Time Perspective

An individual's orientation toward time, affecting how they perceive and value past, present, and future events.