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Question 6 peines Powns 90% of S. During 2020, S sold goods that cost $150,000 to P for $240,000. One-third of these goods remained in
Question 6 peines Powns 90% of S. During 2020, S sold goods that cost $150,000 to P for $240,000. One-third of these goods remained in P's inventory at December 21, 2020 Income statements for P and S are summarized below P S Sales $600,000 $1,500,000 (900,000) Cost of Sales (350,000) Operating Expenses (200,000) (100,000) Net Income $400.000 $150.000 Controlling interest in consolidated net income for 2020 is: $520,000 $535,000 $508,000. $454,000 MacBook Air
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