Strickland Company Sells Inventory to Its Parent, Carter Company, at a Profit

question 79

Multiple Choice

Strickland Company sells inventory to its parent, Carter Company, at a profit during 2020. Carter sells one-third of the inventory in 2020.In the consolidation worksheet for 2020, which of the following accounts would be debited to eliminate the intra-entity transfer of inventory?

• A) Retained earnings.
• B) Cost of goods sold.
• C) Inventory.
• D) Investment in Strickland Company.
• E) Sales.

Assess the contributions of indigenous peoples to global agriculture.

Understand the role of environmental factors and technologies in early agricultural communities.

Recognize the artifacts and materials associated with Neolithic livelihoods.

Grasp the sociocultural evolution from foraging to farming and its impact on human fertility and social organization.

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Definitions:

Independent Variables

Variables in an experiment or observational study that are manipulated or categorized to observe their effect on dependent variables.

Dependent Variable

The variable in a study or experiment that is expected to change in response to changes in the independent variable.

Multiple Regression Equation

An equation that models the linear relationship between a dependent variable and multiple independent variables.

Expected Value

A measure of the central location of a random variable.