Subsidiary Corporation, a wholly-owned subsidiary, has total sales of (500,000,100,000) of which were made to Parent Corporation.

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Subsidiary Corporation, a wholly-owned subsidiary, has total sales of \(500,000,100,000\) of which were made to Parent Corporation. Parent Corporation has total sales of \(1,000,000\), including sales of all items purchased from Subsidiary Corporation. What is the amount of sales on the consolidated income statement?

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Financial Accounting A Global Approach

ISBN: 9780395839867

1st Edition

Authors: Sidney J. Gray, Belverd E. Needles

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