On january 1, 2016, tilson corporation sold a tract of land to its 100% owned subsidiary, abreau, inc., for $360,000. the land originally cost tilson $314,000. abreau reported net income of $540,000 and $611,000 for 2016 and 2017, respectively. tilson received dividends from abreau of $65,000 and $72,000 for 2016 and 2017, respectively.
assume that tilson uses the equity method to account for its investment in abreau. what is the balance in the pre-consolidation income (loss) from subsidiary account for 2017?
select one:
a. 540,000
b. 657,000
c. 971,000
d. 611,000

How do primary and secondary industries differ

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?