For consolidation purposes, what amount would be debited to January 1 retained earnings for the 2019 consolidation worksheet entry with regard to the unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2018 intra-entity transfer of merchandise?
A) $3,000.
B) $2,400.
C) $1,000.
D) $ 800.
E) $ 900.
Correct Answer:
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