Business, 29.11.2019 03:31 Homepage10
Asubsidiary sells inventory to its parent at a markup of 30% on cost. in 2019, the parent paid $650,000 for merchandise received from the subsidiary. the parent sold $455,000 of the inventory to outside parties and the remaining $195,000 is stored in a warehouse. write the elimination entries needed for the 2019 consolidation worksheet for the inter company inventory sales
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Asubsidiary sells inventory to its parent at a markup of 30% on cost. in 2019, the parent paid $650,...
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