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Assume There Are Routine Inventory Sales Between Parent Companies and Subsidiaries.When

Question 25

Multiple Choice

Assume there are routine inventory sales between parent companies and subsidiaries.When preparing the consolidated financial statements,which of the following line items is indifferent to the sales being either upstream or downstream?


A) Consolidated retained earnings
B) Consolidated gross profit
C) Noncontrolling interest share
D) Controlling interest share of consolidated net income

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