the question is :
included in working paper elimination (in journal entry format) for inter company sales
was a credit of 60.000$ to cost of goods sold - subsidiary . the credit indicates that, for the accounting period involved:
A- the realized inter company profit in the subsidiary's cost of goods sold was 60.000$
B- the unrealized inter company profit in the subsidiary's cost of goods soldwas 60.000$
c- the cost of goods sold by the subsidiary to the parent company was 60.000$
d- the gross margin on intrercompany sales was 60.000$
e- none of the above
included in working paper elimination (in journal entry format) for inter company sales
was a credit of 60.000$ to cost of goods sold - subsidiary . the credit indicates that, for the accounting period involved:
A- the realized inter company profit in the subsidiary's cost of goods sold was 60.000$
B- the unrealized inter company profit in the subsidiary's cost of goods soldwas 60.000$
c- the cost of goods sold by the subsidiary to the parent company was 60.000$
d- the gross margin on intrercompany sales was 60.000$
e- none of the above
