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Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
Edition 5ISBN: 978-1260575910Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
Edition 5ISBN: 978-1260575910 Exercise 49
Use the same information as in problem (5) except assume that the transfers were from Bottom Company to Top Company. What are the consolidated sales and cost of goods sold
a. $1,000,000 and $720,000.
b. $1,000,000 and $755,000.
c. $1,000,000 and $696,000.
d. $970,000 and $712,000.
a. $1,000,000 and $720,000.
b. $1,000,000 and $755,000.
c. $1,000,000 and $696,000.
d. $970,000 and $712,000.
Explanation
Verified
Verified
If the goods are transferred downstream ...
Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
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