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Walsh Company sells inventory to its subsidiary, Fisher Company, at a profit during 2009. Walsh uses the equity method to account for its investment in

Walsh Company sells inventory to its subsidiary, Fisher Company, at a profit during 2009. Walsh uses the equity method to account for its investment in Fisher. With regard to the intercompany sale, which of the following choices would be a debit entry in the consolidated worksheet for 2009? 1. Retained earnings. 2. Cost of goods sold. 3. Inventory. 4. Investment Fisher Company

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