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Perez owns 69% of Junior,Inc.During the year just ended,Perez sold goods to Junior for$358,000with a 23%gross profit.Junior sold all of these goods during the year.In
Perez owns 69% of Junior,Inc.During the year just ended,Perez sold goods to Junior for$358,000with a 23%gross profit.Junior sold all of these goods during the year.In its consolidated financial statements for the year,by what amountshould the Sales andCost of Goods Sold line be adjusted for this transaction?(use a plus sign for an increase and a minus sign for a decrease).
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