Question: Computing the amount of equity income and preparing [ I ] consolidation journal entries - Equity method Assume that a wholly owned subsidiary sells inventory

Computing the amount of equity income and preparing

[

]

consolidation journal entries

-

Equity method

Assume that a wholly owned subsidiary sells inventory to the parent company. The parent company, ultimately, sells the inventory to customers outside of the consolidated group. The parent company compiled the following data for the years ending

2015

and

2016

Computing the amount of equity income and preparing [I] consolidation journal

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