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Consolidated retained earnings are: A. Only adjusted for downstream unrealized profit. B. Only adjusted for unrealized profit in beginning inventory. C. Ajusted for unrealized profit,

Consolidated retained earnings are:

A. Only adjusted for downstream unrealized profit.

B. Only adjusted for unrealized profit in beginning inventory.

C. Ajusted for unrealized profit, both upstream and downstream.

D. Only adjusted for unrealized profit in ending inventory.

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