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Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
Edition 10ISBN: 978-1260575910Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
Edition 10ISBN: 978-1260575910 Exercise 28
Use the same information as in problem (5) except assume that the transfers were from Bottom Company to Top Company.What are the consolidated sales and cost of goods sold
a.$1,000,000 and $720,000.
b.$1,000,000 and $755,000.
c.$1,000,000 and $696,000.
d.$970,000 and $712,000.
a.$1,000,000 and $720,000.
b.$1,000,000 and $755,000.
c.$1,000,000 and $696,000.
d.$970,000 and $712,000.
Explanation
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Verified
Calculation of consolidated cost of good...
Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
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