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For Consolidation Purposes, What Amount Would Be Debited to Cost

Question 7

Multiple Choice

For consolidation purposes, what amount would be debited to cost of goods sold for the 2011 consolidation worksheet with regard to the unrealized gross profit of the 2011 intra-entity transfer of merchandise?


A) $1,000.
B) $800.
C) $3,000.
D) $2,400.
E) $900.

Correct Answer:

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