Business Studies, asked by crestylmae6621, 1 year ago

What is the amount of unrealized intra-entity inventory profit to be deferred on december 31, 2010?

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Answered by attackeraryan1

Inventory retained at end of 2009 20%. Unrealized gross profit—12/31/09 $7,200. 2010 Unrealized Gross profit Deferred. Total interco. gross profit on transfers ($120,000 – $66,000) ..

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