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Moving to another question will save this response. Question 8 Question of 11 3 points See A On January 1, 2020, Panda acquired 90% of
Moving to another question will save this response. Question 8 Question of 11 3 points See A On January 1, 2020, Panda acquired 90% of the outstanding stock of Sama Inc. for $800,000. The fixit value of the 10% noncontrolling interest was $10,000. During 2020 and 2021 Sama supplied inventory to Panda at 25% above cost. The following information is available for Sama during 2020 and 2021 Year 2020 2021 Net Income $150,000 $200,000 Sales to Panda $300,000 $400,000 Unsold Inventory 30% 35% Required: Prepare Panda's 2021 consolidated entries related to the intra-entity inventory transfers Leave a line between entries For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) Activate Windows Ax Y T
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