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What would be the impact of this transaction

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Question - Assume there was a downstream transfer of land with a value of $2,500,000 at the date of acquisition. What would be the impact of this transaction on the consolidated financial statements (B/S and I/S) during the next two years (Assume the land was sold to a third party at 3,000,000 at the end of the second year of transfer.

Reference no: EM133075796

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