Patti company owns 80% of the common stock of shannon, inc. in the current year, patti reports sales of
$10,000,000 and cost of goods sold of $7,500,000. for the same period, shannon has sales of $200,000
and cost of goods sold of $160,000. during the year, patti sold merchandise to shannon for $60,000 at
a price based on the normal markup. at the end of the year, shannon still possesses 30 percent of this
inventory.

compute consolidated cost of goods sold.

From anderson and dahlin, ch1 question 1: suppose a computer system and all of its applications are completely bug free. suppose further that everyone in the world is completely honest and trustworthy. in other words, we do not need to consider fault isolation.

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation

Double corporation acquired all of the common stock of simple company for