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Swamp Co,A 55%-Owned Subsidiary of Pond Inc

question 41

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Swamp Co.,a 55%-owned subsidiary of Pond Inc.,made the following entry to record a sale of merchandise to Pond: Swamp Co.,a 55%-owned subsidiary of Pond Inc.,made the following entry to record a sale of merchandise to Pond:   All Swamp sales are at 125% of cost.One-fourth of this merchandise remained in the Pond's inventory at year-end.A working paper entry to eliminate unrealized profits from consolidated inventory would include a credit to Inventory in the amount of A) $2,000. B) $2,500. C) $8,000. D) $10,000. All Swamp sales are at 125% of cost.One-fourth of this merchandise remained in the Pond's inventory at year-end.A working paper entry to eliminate unrealized profits from consolidated inventory would include a credit to Inventory in the amount of

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Definitions:

Deemphasize

To reduce the importance, size, or intensity of something.

Grammatically

Pertaining to the rules and principles that govern the structure of sentences in a language.

Parenthetical Expression

A phrase inserted into a sentence as an explanation or afterthought, which is not essential to the meaning of the sentence but adds information or clarification.

Mixed Metaphor

A figure of speech that combines elements of two or more incompatible metaphors, leading to a confusing or humorous effect.

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