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Yoderly Co

Question 62

Essay

Yoderly Co. ,a wholly owned subsidiary of Nelson Corp. ,sold goods to Nelson near the end of 2008.The goods had cost Yoderly $105,000 and the selling price was $140,000.Nelson had not sold any of the goods by the end of the year.
Required:
Prepare Consolidation Entry TI and Consolidation Entry G that are required for 2009.

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