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During 2020, a parent 'sold' inventory priced at $15000 to its subsidiary. The parent's cost of these goods was $8500. During the year, the subsidiary
During 2020, a parent 'sold' inventory priced at $15000 to its subsidiary. The parent's cost of these goods was $8500. During the year, the subsidiary sold 80% of that inventory to outside customers for $22000. What amount should be reported in the 2020 consolidated income statement for SALES
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