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Business, 01.03.2021 21:20 rebeckas0102

Renner Company sold land to Bethany Enterprises, its parent, on June 1, 2020. The sale price was $218,000. The land originally cost Renner $239,000. Renner reported net income of $400,000 and $496,000 for 2020 and 2021, respectively. Bethany sold the land it purchased from Renner for $228,000 in 2022. What is the balance in the pre-consolidation Income (loss) from Subsidiary account for 2020

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Renner Company sold land to Bethany Enterprises, its parent, on June 1, 2020. The sale price was $21...
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