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QUESTION 3 2022. 3 points Assume that in 2021, Big sold inventory to Carrie & City. The inventory cost $33,600 and was transferred at
QUESTION 3 2022. 3 points Assume that in 2021, Big sold inventory to Carrie & City. The inventory cost $33,600 and was transferred at a price of $60,000. Of this total, 40% was not consumed until Save Answe If the intercompany inventory transfer was considered, what amount of intra-entity profit should be deferred for fiscal year ended 12/31/21? Would this amount increase, decrease or have no effect on the 2021 equity income in Big as calculated in Big Co 2 above? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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