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Ruiz Corp. owns 80% of Jones Co. Ruiz uses the equity method to account for its investments. During 2021, Ruiz sells inventory to Jones for
Ruiz Corp. owns 80% of Jones Co. Ruiz uses the equity method to account for its investments. During 2021, Ruiz sells inventory to Jones for $570,000. The inventory originally cost Ruiz $450,000. At De...
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