During 20x1 easy co sold inventory to its parent company, Financial Accounting

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During 20x1 easy co sold inventory to its parent company

During 20x1, Easy Co. sold inventory to its parent company, Flower Corp. Flower still owned the entire inventory at the end of 20x1. Why the gross profit on the sale must be deferred when consolidated financial statements are prepared at the end of 20x1

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Financial Accounting: During 20x1 easy co sold inventory to its parent company

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Financial Accounting: During 20x1 easy co sold inventory to its parent company

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