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2 is 2nd part of question 1. 1) P Corp. sold merchandise to its wholly owned subsidiary, S Corp., at a 25% gross profit percentage
2 is 2nd part of question 1. 1) P Corp. sold merchandise to its wholly owned subsidiary, S Corp., at a 25% gross profit percentage beginning in 2021. During 2021, P sales to S totaled $310,000 (at sel...
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