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............. P Company owns an 80% interest in S Company. During 2017, S sells merchandise to P for $150,000 at a pro?t of $30,000. On

............. P Company owns an 80% interest in S Company. During 2017, S sells merchandise to P for $150,000 at a pro?t of $30,000. On December 31, 2017, 50% of this merchandise is included in P's ...

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