ADVANCED ACCOUNTING CONNECT ACCESS >I<
ADVANCED ACCOUNTING CONNECT ACCESS >I<
1st Edition
ISBN: 9781266418150
Author: Hoyle
Publisher: MCG CUSTOM
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Chapter 5, Problem 6P

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?

  1. a. $1,000,000 and $720,000
  2. b. $1,000,000 and $755,000
  3. c. $1,000,000 and $696,000
  4. d. $970,000 and $712,000
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