Question: Partner B Question 23 3 p Parent Co: owns 80% of Subsidiary Co. At the beginning of 2022, Subsidiary Co.'s beginning inventory included $10,000

Partner B Question 23 3 p Parent Co: owns 80% of Subsidiary

Partner B Question 23 3 p Parent Co: owns 80% of Subsidiary Co. At the beginning of 2022, Subsidiary Co.'s beginning inventory included $10,000 merchandise purchased from Parent Co. in the prior year. Parent Co.'s gross profit on sales is 25%. What elimination entry should be prepared at the end of 2022 in the consolidation worksheet? Inventory Choose ] COGS [Choose] RE-Parent [Choose] RE-Subsidiary [Choose 3 pts DQuestion 24 At the end of 2022, Adam Co. had a fair value of $2,700,000. On that date, assets had a book value of $3.000.000 (including $200,000 goodwill) and a fair value of $2,900,000 (excluding goodwill). Use Boy Pa 000 80 FJ FA FS

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