Unrealized profit in the ending inventory is eliminated in consolidation working papers by increasing cost of sales
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Unrealized profit in the ending inventory is eliminated in consolidation working papers by increasing cost of sales and decreasing the inventory account. How is unrealized profit in the beginning inventory reflected in the consolidation working papers?
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Related Book For 
Advanced Accounting
ISBN: 9780131851221
9th Edition
Authors: Floyd A. Beams, Robin P. Clement, Suzanne H. Lowensohn, Joseph H. Anthony
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