Business, 05.11.2019 02:31 gbeltran2302

Stiller company, an 80% owned subsidiary of leo company, purchased land from leo on march 1, 2017 for $75,000. the land originally cost leo $60,000. compute the gain or loss on the intra-entity sale of land that leo would recognize on their individual accounting records. group of answer choices a) $15,000 loss b) $15,000 gain c) $50,000 loss d) $50,000 gain e) $65,000 gain.

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Stiller company, an 80% owned subsidiary of leo company, purchased land from leo on march 1, 2017 fo...