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_____ (Module 1) in 2006, Pundax Sold Inventory Above Cost

Question 22

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_____ (Module 1) In 2006, Pundax sold inventory above cost to Sundax, its 100%-owned subsidiary. At 12/31/06, $4,000 of unrealized intercompany profit existed. Which of the following "postings" is made in consolidation at 12/31/06?
_____ (Module 1) In 2006, Pundax sold inventory above cost to Sundax, its 100%-owned subsidiary. At 12/31/06, $4,000 of unrealized intercompany profit existed. Which of the following postings is made in consolidation at 12/31/06?

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