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_____ (Module 1) in 2006, Sundax (A 75% Owned Subsidiary)

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_____ (Module 1) In 2006, Sundax (a 75% owned subsidiary) sold inventory above cost to Pundax, its parent. At 12/31/06, $4,000 of unrealized intercompany profit existed. Which of the following entries is made in the general ledger at 12/31/06?
_____ (Module 1) In 2006, Sundax (a 75% owned subsidiary) sold inventory above cost to Pundax, its parent. At 12/31/06, $4,000 of unrealized intercompany profit existed. Which of the following entries is made in the general ledger at 12/31/06?

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