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Help Save & Ext Pluto Company owns 80 percent of the common stock of Star Corporation. During the year. Pluto reported sales of $1,000,000, and
Help Save & Ext Pluto Company owns 80 percent of the common stock of Star Corporation. During the year. Pluto reported sales of $1,000,000, and Star reported sales of $500.000, including sales to Pluto of $80,000. The amount of sales that should be reported in the consolidated income statement for the year is Multiple Choice $1,500,000 51.300.000 $500 ODO $1.420.000
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