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Discuss using specific worksheet entries or account names

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Reference no: EM133003867

Problem 1: The subsidiary company often sells inventory to the Parent company at a profit. You do not understand why we sometimes reduce the inventory account but at other times we credit and reduce the Cost of Goods sold account. What is the reason for both? Please discuss using specific worksheet entries or account names in your explanation, including tax effects.

Reference no: EM133003867

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