### Basics of consolidated statements

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##### Reference no: EM13131770

Emron Company owns a 100% interest in the common stock of the Dietz Company. On January 1, 20X2, Emron sold Dietz a fixed asset that Dietz will use over a 5-year period. The asset was sold at a \$5,000 profit. In the consolidated statements, this profit will ??

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