subject
Business, 10.10.2019 00:10 liaholmes8

E5-8 consolidated income statement with downstream sales the separate incomes (which do not include investment income) of pat corporation and sal corporation, its 80 percent-owned subsidiary, for 2011 were determined as follows (in thousands): pat sal sales $1,600 $400 less: cost of sales 800 160 gross profit 800 240 other expenses 400 120 separate incomes $ 400 $120 during 2011, pat sold merchandise that cost $80,000 to sal for $160,000, and at december 31, 2011, half of these inventory items remained unsold by sal. required: prepare a consolidated income statement for pat corporation and subsidiary for the year ended december 31, 2011.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 06:30, mjasmine3280
The larger the investment you make, the easier it will be to: get money from other sources. guarantee cash flow. buy insurance. streamline your products.
Answers: 3
image
Business, 22.06.2019 09:40, MileenaKitana
Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?
Answers: 2
image
Business, 22.06.2019 09:50, thanitoast84
Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses
Answers: 3
image
Business, 22.06.2019 13:50, xcoder1732
Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal. b) rental rates in france will increase. c) wages in france will decrease. d) rental rates in portugal will increase.
Answers: 2
You know the right answer?
E5-8 consolidated income statement with downstream sales the separate incomes (which do not include...

Questions in other subjects:

Konu
Biology, 28.10.2020 21:20
Konu
Biology, 28.10.2020 21:20