week 4.docx - Amanda Sutton WEEK 4 Assignment E6-8 Inventory Transfer between Parent and Subsidiary a-What amounts of cost of goods sold did Karlow and

Amanda Sutton WEEK 4 Assignment E6-8 Inventory Transfer between Parent and Subsidiarya-What amounts of cost of goods sold did Karlow and Draw record in 20X3? b- What amount of cost of goods sold must be reported in the consolidated income statement for 20X3? C-Give the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31, 20X3, relating to the intercorporate sale of inventory