subject
Business, 16.03.2020 17:02 Yung5hagger

9. P Company sold merchandise costing $240,000 to S Company (90% owned) for $300,000. At the end of the current year, one‐third of the merchandise remains in S Company’s inventory. Applying the lower‐of‐ cost‐or‐market rule, S Company wrote this inventory down to $92,000. What amount of intercompany profit should be eliminated on the consolidated statements workpaper?

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 03:00, brarob340
Tina is applying for the position of a daycare assistant at a local childcare center. which document should tina send with a résumé to her potential employer? a. educational certificate b. work experience certificate c. cover letter d. follow-up letter
Answers: 1
image
Business, 22.06.2019 09:50, winterblanco
phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)
Answers: 3
image
Business, 22.06.2019 13:50, trillsmith
Read the following paragraph, and choose the best revision for one of its sentences. dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.
Answers: 2
image
Business, 22.06.2019 15:00, swansondonovanp66got
Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.
Answers: 1
You know the right answer?
9. P Company sold merchandise costing $240,000 to S Company (90% owned) for $300,000. At the end of...

Questions in other subjects:

Konu
Mathematics, 13.11.2020 20:30
Konu
Social Studies, 13.11.2020 20:30