Business, 26.02.2020 01:48 ellycleland16
Akron, Inc., owns all outstanding stock of Toledo Corporation. Amortization expense of $15,000 per year for patented technology resulted from the original acquisition. For 2018, the companies had the following account balances: Akron ToledoSales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,100,000 . . . . . . . . . . . . $600,000Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . 500,000 . . . . . . . . . . . . . 400,000Operating expenses . . . . . . . . . . . . . . . . . . . . . 400,000 . . . . . . . . . . . . . 220,000Investment income . . . . . . . . .. . . . . . . . . . . . . Not given . . . . . . . . . . . . . . -0-Dividends declared . . . . . . . . . . . . . . . . . . . . . . . . 80,000 . . . . . . . . . . . . . 30,000Intra-entity sales of $320,000 occurred during 2017 and again in 2018. This merchandise cost $240,000 each year. Of the total transfers, $70,000 was still held on December 31, 2017, with
$50,000 unsold on December 31, 2018.
a. For consolidation purposes, does the direction of the transfers (upstream or downstream) affect the balances to be reported here?
b. Prepare a consolidated income statement for the year ending December 31, 2018?
Answers: 3
Business, 23.06.2019 00:40
You are a team of marketing consultants. it is 2008 and the great recession has struck. one of your clients is whole foods market (sometimes known as whole paycheck). wfm has come to you and asked for strategic advice on how to adapt their product and pricing strategies in light of the economic downturn: 1. advise wfm on the various approaches that could be taken to reducing price. be sure to consider potential psychological impact of price reductions on wfm consumers. 2. based on the options outlined in part 1, recommend an approach and support with marketing theory.
Answers: 2
Business, 23.06.2019 02:00
Create a list of five action verbs you might use on a job application to describe skills and/or work history. here are some examples: (organized, produced, selected, coordinated, contributed). find five other than the examples.
Answers: 3
Business, 23.06.2019 02:30
Complete electronics inc. sells a point-of-sale computer with a two-year service contract. complete collects $ 2 comma 500 cash for the selling price of the computer and $ 576 for the two-year service contract. how is revenue recognized?
Answers: 2
Akron, Inc., owns all outstanding stock of Toledo Corporation. Amortization expense of $15,000 per y...
Mathematics, 06.04.2020 07:36
Mathematics, 06.04.2020 07:36
Mathematics, 06.04.2020 07:37
History, 06.04.2020 07:37
Mathematics, 06.04.2020 07:37
English, 06.04.2020 07:37
History, 06.04.2020 07:37
Mathematics, 06.04.2020 07:38
Mathematics, 06.04.2020 07:39
Mathematics, 06.04.2020 07:39