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A parent has a 60% interest in its subsidiary. Ending inventory profits on upstream merchandise sales: A. Only increase equity in net income B. Reduce
A parent has a 60% interest in its subsidiary. Ending inventory profits on upstream merchandise sales:
A. | Only increase equity in net income | |
B. | Reduce equity in net income and the noncontrolling interest in net income | |
C. | Only reduce equity in net income | |
D. | Increase equity in net income and the noncontrolling interest in net income |
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