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Pian, Inc. owns 80% of Sior, Inc. During the year just ended, Pian sold goods...

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Accounting

Pian, Inc. owns 80% of Sior, Inc. During the year just ended, Pian sold goods with a 40% gross profit to Sior. Sior sold all of these goods during the year. In its consolidated financial statements for the year, how should the summation of Pian and Sior income statement items be adjusted?

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