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Path:p Words:0 QUESTION 2 Shalles Corporation, a 90 percent owned subsidiary of Pani Corporation, sold inventory items to its parent at a $84,000 profit in

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Path:p Words:0 QUESTION 2 Shalles Corporation, a 90 percent owned subsidiary of Pani Corporation, sold inventory items to its parent at a $84,000 profit in 2018. Pani resold one-sixth of this inventory to outside entities. Shalles reported net income of $380,000 for 2018. By what amount should the combined inventories of Shalles and Pani be reduced to find the consolidated inventory

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