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e Included in a working paper elimination (in journal entry format) for intercompany sales was a credit of OMR60,000 to Cost of Goods Sold Subsidiary.

image text in transcribed e Included in a working paper elimination (in journal entry format) for intercompany sales was a credit of OMR60,000 to Cost of Goods Sold Subsidiary. The credit indicates that, for the accounting period involved: Select one: a. The unrealized intercompany profit in the subsidiary's cost of goods sold was OMR60,000 Ob. None of the answers are correct C. The gross margin on intercompany sales was OMR60,000 d. The realized intercompany profit in the subsidiary's cost of goods sold was OMR60,000 Oe. The cost of goods sold by the subsidiary to the parent company was OMR60,000 Next page

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