Push Company owns 60% of Shove Company's outstanding common stock. Intra-entity sales are as follows in Year 20X1: Inventory Costs $70,000 Inter-company Purchase Price $100,000 Ending Inventory $20,000 Assume Push sold the inventory to Shove. Using the fully adjusted equity method, what amount would be recorded by Push to defer the unrealized gross profit on inventory sales to Shove in 20X1
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Push Company owns 60% of Shove Company's outstanding common stock. Intra-entity sales are as follows...
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