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information is same for both questions Requlred Information [The following information applies to the questions displayed below.) Alpha Company owns 80 percent of the voting
information is same for both questions
Requlred Information [The following information applies to the questions displayed below.) Alpha Company owns 80 percent of the voting stock of Beta Company. Alpha and Beta reported the following account information from their year-end separate financial records: Alpha $95,888 Inventory Sales Revenue Cost of Goods Solo Beta $88,000 380,000 180,008 600,000 During the current year, Alpha sold inventory to Beta for $100.000. As of year end. Beta had resold only 60 percent of these intra-entity purchases. Alpha sells inventory to Beta at the same markup it uses for all of its customers. What is the total for consolidated sales revenue? Multiple Choice $800.000 $970.000 ces $1.000.000 $100.000 all of its customer What is the total for consolidated cost of goods sold? Multiple Choice $670.000 $690.000 $788.000 $790.000Step by Step Solution
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