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6. CC Company sold inventory with a cost of P40,000 to its 90%-owned subsidiary, RR Corp., for P100,000 in 20X9. Range resold P75,000 of this

6. CC Company sold inventory with a cost of P40,000 to its 90%-owned subsidiary, RR Corp., for P100,000 in 20X9. Range resold P75,000 of this inventory for P100,000 in 20X9. Based on this information,...

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