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Question 7: P Company owns 80% of S Company. S Company sells merchandise to P Company at 35% above cost. During 2020 such sales amounted

Question 7: P Company owns 80% of S Company. S Company sells merchandise to P Company at 35% above cost. During 2020 such sales amounted to $600,000. At the end of each year, P Company had sold 1/3 of...

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