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Business, 25.07.2019 05:20, bessieyounger1211
Tulip co. owns 100% of daisy co.'s outstanding common stock. tulip's cost of goods sold for the year totals $600,000, and daisy's cost of goods sold totals $400,000. during the year, tulip sold inventory costing $60,000 to daisy for $100,000. by the end of the year, all transferred inventory was sold to third parties. what amount should be reported as cost of goods sold in the consolidated statement of incom
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Answers: 3
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Tulip co. owns 100% of daisy co.'s outstanding common stock. tulip's cost of goods sold for the year...
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