Question: Question 10 1 pts A parent has a 60% interest in its subsidiary. Ending inventory profits on downstream merchandise sales: Reduce equity in net income

Question 10 1 pts A parent has a 60% interest in

Question 10 1 pts A parent has a 60% interest in its subsidiary. Ending inventory profits on downstream merchandise sales: Reduce equity in net income and the noncontrolling interest in net income Only increase equity in net income Only reduce equity in net income Increase equity in net income and the noncontrolling interest in net income

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