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This year, PAR acquired all of the common stock of SUB Company. At the end of the current year, balances of selected accounts and other
This year, PAR acquired all of the common stock of SUB Company. At the end of the current year, balances of selected accounts and other information for each of the companies were as follows: PAR SUB Sales $2,582,000 $1,734,000 Accounts receivable 580,000 235,000 Sales to SUB during year 100,000 Sales to PAR during year 30,000 Gross profit on all sales 25% 30% What is the amount of consolidated sales at the end of the year? 0 $4,216,000 O $4,286,000 $4,186,000 0 $4,316,000
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