Business
Business, 12.11.2019 04:31, Mariela2699

Apple corporation and banana corporation file consolidated returns. in january 2007, apple sold banana property with a basis of $120,000 for its fair value of $150,000. banana sold the property to an unrelated party in april 2008 for $200,000. what amount of gain should be reported for these transactions in the consolidated returns for 2011 and 2012?

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Apple corporation and banana corporation file consolidated returns. in january 2007, apple sold bana...

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