I need your assistance on the following transaction between Pand S1. On Dec 20, 20xx, P and S1 had the following transaction: S1sold to P Inventory BLUE100 for $1,000,000. S1 and P created thecorrect accounting entries for both sides. However S1 has a NCI of25%. What might be your accounting advice on Dec 31, 20xx for theconsolidation. Blue100 was not sold to a third party.
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