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The sale of merchandise by a parent to its subsidiary. Question 2 4 pts Merchandise sales between affiliated companies are recorded on the separate books
The sale of merchandise by a parent to its subsidiary. Question 2 4 pts Merchandise sales between affiliated companies are recorded on the separate books of the companies (parent and subsidiary). However, intercompany sales are not reported in the consolidated statements. Does the intercompany sales price affect the income distribution between controlling and noncontrolling interest? O yes O no Question 3 4 pt MacBook Air
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