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.

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