subject
Business, 26.08.2019 18:20 baidentheodore9750

Playa inc. owns 85 percent of seashore inc. during 20x8, playa sold goods with a 25 percent gross profit to seashore. seashore sold all of these goods in 20x8. how should 20x8 consolidated income statement items be adjusted? a) no adjustment is necessary. b) sales and cost of goods sold should be reduced by 85 percent of the intercompany sales. c) net income should be reduced by 85 percent of the gross profit on intercompany sales. d) sales and cost of goods sold should be reduced by the intercompany sales.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:00
What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real
Answers: 3
question
Business, 22.06.2019 19:20
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as
Answers: 2
question
Business, 23.06.2019 04:40
Which qualifications have an importance level higher than 60 for a career as a customer service representative? select all that apply operation monitoring mathematics service orientation reading comprehension persuasion learning strategies speaking
Answers: 1
question
Business, 23.06.2019 08:30
In the supply-and-demand schedule shown above, the equilibrium price for cell phones is $25 $100 $200
Answers: 2
You know the right answer?
Playa inc. owns 85 percent of seashore inc. during 20x8, playa sold goods with a 25 percent gross pr...
Questions
question
Health, 12.03.2021 09:40
question
Mathematics, 12.03.2021 09:40
Questions on the website: 13722363