Make the consolidating entries for the land transactions

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Question - KLM Corp. owns 55% of RST Co. RST sold land to KLM for $120,000 in year 1. In year 3, KLM sold the land to an outside party for $130,000. Make the consolidating entries for the land transactions in years 1, 2, and 3.

Reference no: EM132498316

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