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Please show work for correct answer thanks so much! Potion Co. sells $100k in inventory to their 80%-owned subsidiary Salve Inc. for $120k. By end-of-year,
Please show work for correct answer thanks so much!
Potion Co. sells $100k in inventory to their 80%-owned subsidiary Salve Inc. for $120k. By end-of-year, Shas 1/4 of this inventory left on-hand, having sold 75% of the inventory to nonaffiliate Q Co. for $125k. Assuming no other inventory sales occurred, reported consolidated Sales Revenue should be O a. $125k O b. $100k c. $BOK O d. $200KStep by Step Solution
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Bill Payment Tracker A Financial Organizer For Efficient Expense Management
Authors: Tommy Ruell
1st Edition
B0CGWPF86P
