Solution-What amount should pp report as cost of sales

What amount should pp report as cost of sales

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Question - During 20x9, PP Corporation recorded sales of inventory costing P500,0000 to SS Company, its wholly owned subsidiary, on the same terms as sales made to third parties. At December 31,20x9, SS held one-fifth of this goods inventory. The following information pertains to PP and SS's sales for 20x9: in its 20x9 consolidated income statement, what amount should PP report as cost of sales?

Reference no: EM133156269

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What amount should pp report as cost of sales

Reference no: EM133156269

Reference no: EM133156269

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