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Perry, Inc. owns a 80% interest in Brown Corp. During 2018, Brown sold $200,000 in merchandise to Perry at a 25% gross profit. Twenty percent
Perry, Inc. owns a 80% interest in Brown Corp. During 2018, Brown sold $200,000 in merchandise to Perry at a 25% gross profit. Twenty percent of the goods are unsold by Perry at year end. The non-controlling interest will receive what gross profit as a result of these sales? a. $0 b. $8,000 c. $40,000 d. $50,000
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