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Moving to the next question prevents changes to th3 Question 2 P owns 90% of...

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Accounting

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Moving to the next question prevents changes to th3 Question 2 P owns 90% of S During 2020, S sold goods that cost $150,000 to P for $240,000. One-third of these goods remained in P's inv Income statements for P and S are summarized below S Sales $1,500,000 (900,000) (200,000) Cost of Sales $600,000 (350,000) (100,000) $150 000 Operating Expenses Net Income $400 000 Controlling interest in consolidated net income for 2020 is $520,000 $535,000 $508 000 $454.000

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