IRonMaN
Level 15
09-01-2020
04:10 PM
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The other preparer appears to be correct. The corporation no longer owns a chunk of land that it used to call its own, so it sounds sold for the tune of $168,000. Then someone had to go mop up to get all of the debits and credits to balance on the balance sheet side of the transaction once the land was gone.
Slava Ukraini!