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    Advanced Accounting Study Set 6
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    Exam 5: Consolidated Financial Statements - Intercompany Asset Transactions
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    On April 7,2009,Pate Corp
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On April 7,2009,Pate Corp

Question 111

Question 111

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On April 7,2009,Pate Corp.sold land to Shannahan Co. ,its subsidiary.From a consolidated point of view,when will the gain on this transfer actually be earned?

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The gain is earned w...

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