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The Workpaper Entry in the Year of Sale to Eliminate

Question 28

Multiple Choice

The workpaper entry in the year of sale to eliminate unrealized intercompany profit in ending inventory includes a:


A) credit to Ending Inventory (Cost of Sales) .
B) credit to Sales.
C) debit to Ending Inventory (Cost of Sales) .
D) debit to Inventory - Balance Sheet.

Correct Answer:

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