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Which would be a debit entry in the consolidated worksheet

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Question 1: Walsh Company sells inventory to its subsidiary, Fisher Company, at a profit during 2009. Walsh uses the equity method to account for its investment in Fisher. With regard to the intercompany sale, which of the following choices would be a debit entry in the consolidated worksheet for 2009?

a. Retained earnings.
b. Cost of goods sold.
c. Inventory.
d. Investment Fisher Company.

Reference no: EM132891338

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