Ordan, inc., holds 75 percent of the outstanding stock of paxson corporation. paxson currently owes jordan $400,000 for inventory acquired over the past few months. in preparing consolidated financial statements, what amount of this debt should be eliminated?

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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