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If unrealized inter-company profits in ending inventory exceed unrealized inter-company profits in beginning inventory, what will be the effect of the consolidation entries to eliminate
If unrealized inter-company profits in ending inventory exceed unrealized inter-company profits in beginning inventory, what will be the effect of the consolidation entries to eliminate unrealized inter-company inventory profits?
Select one:
A. Consolidated ending inventory will be increased.
B. Consolidated cost of goods sold will be increased.
C. Equity income will be increased.
D. Consolidated Sales will be decreased.
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