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Question 7 1 Point Assume there are routine inventory sales between parent companies and subsidiaries. When preparing the consolidated financial statements, which of the following

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Question 7 1 Point Assume there are routine inventory sales between parent companies and subsidiaries. When preparing the consolidated financial statements, which of the following line items is indifferent to the sales being either upstream or downstream? A) Consolidated retained earnings B) Consolidated gross profit C) Noncontrolling interest share D Controlling interest share of consolidated net income

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