Business, 25.11.2019 22:31 itssergioa

Stark company, a 90% owned subsidiary of parker, inc. sold land to parker on may 1, 2012, for $80,000. the land originally cost stark $85,000. stark reported net income of $200,000, $180,000, and $220,000 for 2012, 2013, and 2014, respectively. parker sold the land purchased from stark in 2012 for $92,000 in 2014. compute stark's reported gain or loss relating to the land for 2014. $5,000 gain. $5,000 loss. $7,000 loss. $0. $7,000 gain.

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Stark company, a 90% owned subsidiary of parker, inc. sold land to parker on may 1, 2012, for $80,00...

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