Question: When completing a consolidation working paper, the eliminating entry for a prior year intercompany transfer of land includes a debit to the subsidiary's beginning retained

When completing a consolidation working paper, the eliminating entry for a prior year intercompany transfer of land includes a debit to the subsidiary's beginning retained earnings when the transfer is: Select one: a. A downstream sale and the transfer was made at a gain b. An upstream sale and the transfer was made at a loss c. An upstream sale and the transfer was made at a gain d. A downstream sale and the transfer was made at a loss

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