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Price Company owns an 80% interest in Sean Company. During2017, Sean sells merchandise to Price for $150,000 at a profit of$30,000. On December 31, 2017,

Price Company owns an 80% interest in Sean Company. During2017, Sean sells merchandise to Price for $150,000 at a profit of$30,000. On December 31, 2017, 50% of this merchandise is includedin Price 2 answers

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