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Question 6 1 points Following are two Ti consolidation entries prepared by Khalid in an upstream transfer when (a) the subsidiary is wholly owned and
Question 6 1 points Following are two Ti consolidation entries prepared by Khalid in an upstream transfer when (a) the subsidiary is wholly owned and (b) the subsidiary is partially owned (80%). The goods are transferred at cost in the amount of $200,000 (a)-TI (subsidiary is wholly owned) Sales 200,000 Cost of Goods Sold 200,000 (b)-TI (subsidiary 80% owned) Sales 160,000 Cost of Goods Sold 160,000 Required: Give your comments on the answer For the toolbar.preu ALTRI ALTINF10 BIS Paragraph Arial xX, 4 SO E A 2 TXOOO DmBB51
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