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When preparing consolidated financial statement work papers (CWPs), unrealized intercompany gains, as a result of Equipment or Inventory sales by affiliates, are allocated proportionately by

When preparing consolidated financial statement work papers (CWPs), unrealized intercompany gains, as a result of Equipment or Inventory sales by affiliates, are allocated proportionately by percent of ownership between Parent and NCI only when the selling affiliate is: A. the Parent and the Sub is less than wholly owned. B. the Sub and the Sub is less than wholly owned. C. a wholly owned Sub. D. the Parent of a wholly owned Sub.

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