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1. The total unrealized gross profit from intercompany sales of inventory was $2,800. This consisted of $800 in unrealized profit from upstream sales and $2,000 from downstream sales. 2. The non-controlling interest (NCI) in net assets as of December 31, 20x1 was $21,070. This was calculated as 20% of the subsidiary XYZ

Author

Randelle James Fiesta

Language

EN