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Business, 12.08.2020 20:01 GgRed

Polychromasia Company sold inventory costing $30,000 to its subsidiary, Simply Colorful, for double its cost in 2009. Polychromasia owns 80% of Simply Colorful. Simply resold $50,000 of this inventory for $60,000 to outsiders in 2009. How much unrealized profit exists at the end of the year? a) $20,000
b) $8,000
c) $10,000
d) $5,000

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