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6a) Berkeley Company owns 80 percent of the outstanding voting stock of Balden company. During the current year, intra-entity sales amount to $100,000. These transactions

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6a) Berkeley Company owns 80 percent of the outstanding voting stock of Balden company. During the current year, intra-entity sales amount to $100,000. These transactions were made with a gross profit rate of 40% of the transfer price. In consolidating for the two companies, what amount of these sales would be eliminated

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