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Edgar Co. acquired 60% of Stendal Co on January 1, 2013. During 2013, Edgar made sales of inventory to Stendal. The cost and selling price

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Edgar Co. acquired 60% of Stendal Co on January 1, 2013. During 2013, Edgar made sales of inventory to Stendal. The cost and selling price of the goods were and $200,000 respectively. Stendal still owned one-fourth of the goods at the end of 2013. Consolidated cost of goods sold the 2013 and because of a consolidating adjustment for sales the entire profit remaining in Stendal's ending inversory. How would consolidated cost of goods sold have differed if the inventory had been for the same amount and cost, from Stendal to Edge? Consolidated cost of goods sold would have remained $2140,000. Consolidated cost of goods sold would have been more than $2, 140,000 because of the controlling interest in the subsidiary. Consolidated cost of goods sold would have been less than $2, 140,000 because of the controlling interest in the subsidiary. Consolidated cost of goods sold would have been more than $2, 140,000 because of the non-controlling interest in the subsidiary. The effect on consolidated cost of goods sold cannot be predicted from the information provided

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