During 2011, Company P sold $50,000 of goods to subsidiary Company S at a profit of $12,000.

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During 2011, Company P sold $50,000 of goods to subsidiary Company S at a profit of $12,000. One-fourth of the goods remain unsold at year-end. What specific adjustments are needed on the consolidated worksheet to deal with these issues?

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Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Question Posted: Apr 13, 2015 10:05 AM

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During 2011, Company P sold $50,000 of goods to subsidiary Company S at a profit of $12,000.

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Advanced Accounting

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