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For Consolidation Purposes, What Amount Would Be Debited to Cost

Question 90

Multiple Choice

For consolidation purposes, what amount would be debited to cost of goods sold for the 2010 consolidation worksheet with regard to unrealized gross profit of the intra-entity transfer of merchandise?


A) $300.
B) $240.
C) $2,000.
D) $1,600.
E) $270.

Correct Answer:

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