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What is the accrual-based net income of birch

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Reference no: EM132935709

Assume that Birch made intra-entity inventory transfers to Aspen that have resulted in the following intra-entity gross profits in inventory at the end of each year:

Date                  Amount

12/31/16           $11,500
12/31/17          16,400
12/31/18              32,900

Problem 1: What is the accrual-based net income of Birch in 2017 and 2018, respectively?

Reference no: EM132935709

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