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How much is the consolidated gain on sale

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Problem - Meeker owns 70% of Borland. On January 1, 2015 Meeker sell Land (cost of $70,000) to Borland for $110,000. Borland holds the land until December 31, 2019 when it sells it to third parties for $150,000. How much is the Consolidated Gain on Sale for 2019?

Reference no: EM132707370

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