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Barker company owns 80 percent of outstanding stock of Walden Company. during the current year intra-entity sales amount to 100000 these transactions were made with
Barker company owns 80 percent of outstanding stock of Walden Company. during the current year intra-entity sales amount to 100000 these transactions were made with a gross profit rate 40 percent of the transfer price. in consolidating the 2 companies what amount of these sales would be eliminated?
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