Perez Inc. owns 80 percent of Senior Inc. During 20X2, Perez sold goods with a 40 percent gross profit to Senior. Senior sold all of these goods in 20X2. For 20X2 consolidated financial statements, how should the summation of Perez and Senior income statement items be adjusted?

Cold company makes large containers of ice cream at a variable cost of $10 per container. it usually sells the container for $15. cold company is operating at less than full capacity. a potential new customer is requesting containers of ice cream at a selling price of $12. cold company can fill this order without affecting the existing sales or fixed costs. what are the relevant benefits and costs in this decision?