Use the same information as in problem (5) except assume that the transfers were from Bottom Company
Question:
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
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Related Book For
Advanced Accounting
ISBN: 978-1259444951
13th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
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