Briefly describe how obtain the amount of the entry

Reference no: EM132875065

Question 1a) Write the journal entry that is always needed when there is an sale of inventory between parent and subsidiary companies.

Question 1b) Very briefly describe how you obtain the amount of the entry?

Question 2a) Write the journal entry that is related to the ENDING inventory from an intercompany sale of inventory between parent and subsidiary.

Question 2b) Very briefly describe how you obtain the amount of the entry.

Question 3a) Write the journal entry that is related to the BEGINNING inventory from a prior year's intercompany sale of inventory between related parties.

Reference no: EM132875065

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