Accounting Problem
• Write the journal entry that is always needed when there is an sale of inventory between parent and subsidiary companies.
• Very briefly describe how you obtain the amount of the entry?
• Write the journal entry that is related to the ENDING inventory from an intercompany sale of inventory between parent and subsidiary.
• Very briefly describe how you obtain the amount of the entry.
• Write the journal entry that is related to the BEGINNING inventory from a prior year's intercompany sale of inventory between related parties.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.