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Pet Corporation sells inventory items for $500,000 to Sen Corporation, its 80 percent-owned subsidiary. The con- solidated workpaper entry to eliminate the effect of this
Pet Corporation sells inventory items for $500,000 to Sen Corporation, its 80 percent-owned subsidiary. The con- solidated workpaper entry to eliminate the effect of this intercompany sale will include a debit to sales for:
a $500,000
b $400,000
c The amount remaining in Sens ending inventory
d 80 percent of the amount remaining in Sens ending inventory
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