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Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220 Exercise 10
Use the same information as in problem (5) except assume that the transfers were from Bottom Company to Top Company. What are the consolidated sales and cost of goods sold
A) $1,000,000 and $720,000.
B) $1,000,000 and $755,000.
C) $1,000,000 and $696,000.
D) $970,000 and $712,000.
A) $1,000,000 and $720,000.
B) $1,000,000 and $755,000.
C) $1,000,000 and $696,000.
D) $970,000 and $712,000.
Explanation
Verified
Verified
Parent and Subsidiary balances are combi...
Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
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