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Leveau, Inc. and Gillis Co. are related companies subject to consolidation. On 11/15/2X, Leveau, Inc. bought inventory from Gillis Co. for $500,000 cash that had

Leveau, Inc. and Gillis Co. are related companies subject to consolidation. On 11/15/2X, Leveau, Inc. bought inventory from Gillis Co. for $500,000 cash that had a cost of $300,000. Leveau, Inc. subse...

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