Multiple Choice
A consolidation adjustment entry made to eliminate the intragroup sales of inventory at a profit would take the following form:
A) DR Cost of Sales, CR Sales, CR Inventory
B) DR Sales, CR Cost of Sales, CR Inventory
C) DR Cash, DR Cost of Sales, CR Inventory
D) DR Inventory, CR Sales, CR Cash.
Correct Answer:
Verified
Correct Answer:
Verified
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