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Parent (P) sold goods to Subsidiary (S)

Accounting

Parent (P) sold goods to Subsidiary (S). P owns 80% of S When caculating controlling interest in consolidated income. unrealized intercome  inventory that S purchased from P should: 
0 be eliminated by 80%, which is P's share in be eliminated by 20%, which is the noncontrAg interest's share to S 
 
 

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