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Upstream Sales LO 2 LO 6 Shell Company, an 85% owned subsidiary of Plaster Company, sells merchandise to Plaster Company at a markup of 20%%

Upstream Sales LO 2 LO 6 Shell Company, an 85% owned subsidiary of Plaster Company, sells merchandise to Plaster Company at a markup of 20%% of selling price. During 2019 and 2020, intercompany sales ...

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