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Problem 1: A subsidiary sold a quantity of inventories to its parent entity at a before-tax profit of $12 000. The original cost of the inventories to the subsidiary was $41 000. At the end of the year all of the inventories were still on hand. The consolidation adjustment entry to eliminate this transaction will include which of the following line items?
a Cr Inventories $12 000
b Cr Inventories $53 000
c Cr Inventories $41 000
d Cr Inventories $29 000
Is there a conscious (or subconscious) process you explore when evaluating your options and how they may impact your desired outcome?
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You are given information about Doha Company which is a service company located in Qatar. You are expected to analyze, record and communicate that information by using Microsoft Excel.
Precious, Inc. is a merchandiser of a single line of golden rings. At the beginning of the? day, the shop had 10 rings in its inventory. During the? day, 4 new rings were delivered to the shop. By close of? business, only 8 rings remained in inventor..
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