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Perry, Inc. owns a 80% interest in Brown Corp. During 2023, Brown sold $100,000 in merchandise to Perry at a 30% gross profit. Ten percent
Perry, Inc. owns a 80% interest in Brown Corp. During 2023, Brown sold $100,000 in merchandise to Perry at a 30% gross profit. Ten percent of the goods are unsold by Perry at year end. Required: The non-controlling interest will receive what gross profit as a result of these sales
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