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Question 1: Company M sold to F stock for 700 € with a margin of 200 €. By the end of the year 70% of the debt with M is still pending. Make the appropriate adjustment assuming F have been able to sell all the stock to third parties. F is a full controlled subsidiary.
A) Debit 490 Payables, Credit 490 Receivables, Debit 700 Revenues, Credit 700 PurchasesB) Debit 700 Payables, Credit 700 Receivables, Debit 200 Revenues, Credit 200 PurchasesC) Debit 490 Receivables, Credit 490 Payables, Debit 700 Purchases, Credit 700 RevenuesD) Debit 490 Receivables, Credit 490 Payables, Debit 500 Purchases, Credit 500 Revenues
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