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Question) (10) Assume that the separate inceine M afemenif of g parent arit its and percent-owned subsidiary for 2021 are as follown Intercompany sales during
Question) (10) Assume that the separate inceine M afemenif of g parent arit its and percent-owned subsidiary for 2021 are as follown Intercompany sales during the year are 50,0005, and the December 11,3021 , ifventory. includes $10,000 unrealized profit. Required: prepare the consolidated income statement using the template below and calculate the missing amounts using Downstream and upstream difection of cales) Question) (10) Assume that the separate inceine M afemenif of g parent arit its and percent-owned subsidiary for 2021 are as follown Intercompany sales during the year are 50,0005, and the December 11,3021 , ifventory. includes $10,000 unrealized profit. Required: prepare the consolidated income statement using the template below and calculate the missing amounts using Downstream and upstream difection of cales)
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