Question
During the year, Victoria, Inc. rented a warehouse to Neuman, Inc. for $50,000 and the rent has all been paid for in full. Victoria, Inc.
During the year, Victoria, Inc. rented a warehouse to Neuman, Inc. for $50,000 and the rent has all been paid for in full. Victoria, Inc. and Neuman, Inc. are related companies subject to consolidation. The elimination entry at the time of consolidation for this transaction would be:
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