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What is the amount of unrealised profit to be eliminated if the subsidiary's inventory at year-end includes 600,000 of goods invoiced to it by its
What is the amount of unrealised profit to be eliminated if the subsidiary's inventory at year-end includes 600,000 of goods invoiced to it by its parent at cost plus 25% and the subsidiary is 60% owned by its parent? Question 7Answer a. 72,000 b. 90,000 c. 150,000 d. 120,000
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