review for test 9 - Strickland Company sells inventory to...

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Strickland Company sells inventory to its parent, Carter Company, at a profit during 2010. One-third of the inventory is sold by Carter in 2010. 209. award: 0 out of 0 points In the consolidation worksheet for 2010, which of the following choices would be a debit entry to eliminate the intra- entity transfer of inventory? Retained earnings. Cost of goods sold. Inventory. Investment in Strickland Company. Sales. references 210. award: 0 out of 0 points In the consolidation worksheet for 2010, which of the following choices would be a credit entry to eliminate the intra- entity transfer of inventory? Retained earnings. Cost of goods sold. Inventory. Investment in Strickland Company. Sales. references 211. award: 0 out of 0 points In the consolidation worksheet for 2010, which of the following choices would be a debit entry to eliminate unrealized intra-entity gross profit with regard to the 2010 intra-entity sales?
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Retained earnings. Cost of goods sold. Inventory. Investment in Strickland Company. Sales. references 212. award: 0 out of 0 points In the consolidation worksheet for 2010, which of the following choices would be a credit entry to eliminate unrealized intra-entity gross profit with regard to the 2010 intra-entity sales? Retained earnings. Cost of goods sold. Inventory. Investment in Strickland Company. Sales. references 213. award: 0 out of 0 points In the consolidation worksheet for 2011, assuming Carter uses the initial value method of accounting for its investment in Strickland, which of the following choices would be a debit entry to eliminate unrealized intra-entity gross profit with regard to the 2010 intra-entity sales? Retained earnings. Cost of goods sold. Inventory. Investment in Strickland Company. Sales. references 214.
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award: 0 out of 0 points In the consolidation worksheet for 2011, assuming Carter uses the initial value methd of accounting for its investment in Strickland, which of the following choices would be a credit entry to eliminate unrealized intra-entity gross profit with regard to the 2010 intra-entity sales? Retained earnings.
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review for test 9 - Strickland Company sells inventory to...

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