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By what amount is consolidated net income to the controlling

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A parent's beginning inventory contains $10,000 in unconfirmed profits on goods purchased from its subsidiary. The subsidiary's beginning inventory contains $8,000 in unconfirmed profits on goods purchased from its parent. The parent owns 80% of the subsidiary.

By what amount is consolidated net income to the controlling interest increased by confirmation of profits on beginning inventories?

Reference no: EM132380952

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