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What amount of unrealized gross must be deferred

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Question - Investor owns 40% of Investee and applies the equity method. In 2012, Investee sellsmerchandise costing $50,000 to Investor for $70,000. Investor's ending inventory includes $30,000 purchased from investee. What amount of unrealized gross must be deferred in the equity method entry?

Reference no: EM132066489

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