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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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