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Included in a working elimination (in journal entry format) for intercompany sales of merchandise was a debit to Retained Earnings of Subsidiary. This debit indicates
Included in a working elimination (in journal entry format) for intercompany sales of merchandise was a debit to Retained Earnings of Subsidiary. This debit indicates that a. the parent company sold merchandise to a partially owned subsidiary b. a wholly owned subsidiary sold merchandise to a partially owned subsidiary c. a partially owned subsidiary sold merchandise to the parent or to another subsidiary d. the parent company sold merchandise to a wholly owned subsidiary
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