How do I calculate unrealized inventory profits before and after taxes and consolidated net income??

Published by admin at August 14, 2023

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On January 1, 2017, Pepper purchased 75% of the outstanding shares of Salt for $1,275,000. At that time, Salt’s assets and liabilities had the following book and fair values.

SALT LTD.

January 1, 2017

How do I calculate unrealized inventory profits before and after taxes and consolidated net income??

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