Apple corporation and banana corporation file consolidated returns. in january 2007, apple sold banana property with a basis of $120,000 for its fair value of $150,000. banana sold the property to an unrelated party in april 2008 for $200,000. what amount of gain should be reported for these transactions in the consolidated returns for 2011 and 2012?

The consolidated return for 2007 should report $0 in gains, since transactions between the parent company and a subsidiary don't generate gain.

The consolidated return for 2008 should report $80,000 in gains. since Banana Corporation sold an asset with a basis of $120,000 for $200,000.

you can put this in your 11 sentence summary

" most of the money would be invested in innovation, economic convergence."

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;