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only do part C please. I already posted this question but part C was incorrect so please don't plagiarize that answer. retained earnings and non
only do part C please. I already posted this question but part C was incorrect so please don't plagiarize that answer. retained earnings and non controllable interest are not account options so please do not have those in your answer.
Paint Corporation owns 60 percent of Stain Company's shores. Partiol 202 finencial dato for the companies and consolidated eritity were 0 follows. On Jonuory 1, 20X2. Point's inventory contained items purchased from Stain for $75.000. The cost of the units to Stain wos $50,000. All intercorporate soles during 202 were mode by Stain to Point. Required: a. Whst smount of intercorporate sales occurred in 20X2? b. How much unreolized intercompony profit existed on jonuory 1,202 ? On December 31,202 ? c. Frepore the worksheet consolidation entries reloting te inyentory ond cost of goods sold heeded to prepsre consolicated finonciol statements for 202 Note: If na entry is required for a transactfonlevent, select Nojournal entry required in the first account field. (4) Record the entry to eliminate the feginnting iniventary 9 Record the entry to eliminate the intercompaily itiventory saleStep by Step Solution
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