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Parent Inc owns 75% of Sub Inc. The December 31,2018 separate income statements of both...

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Accounting

Parent Inc owns $75 %$ of Sub Inc. The December $31, 2018$ separate income statements of both companies are shown below.

$\$ table $[[,$ Parent,Sub $], [$ Gross Profit,$ $100, 000,$ $ $40, 000$

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