Examlex

Solved

Use the Following Information for Questions 15 & 16

question 20

Multiple Choice

Use the following information for Questions 15 & 16:
P Company regularly sells merchandise to its 80%-owned subsidiary, S Corporation.In 2013, P sold merchandise that cost $240,000 to S for $300,000.Half of this merchandise remained in S's December 31, 2013 inventory.During 2014, P sold merchandise that cost $375,000 to S for $468,000.Forty percent of this merchandise inventory remained in S's December 31, 2014 inventory.Selected income statement information for the two affiliates for the year 2014 is as follows: Use the following information for Questions 15 & 16: P Company regularly sells merchandise to its 80%-owned subsidiary, S Corporation.In 2013, P sold merchandise that cost $240,000 to S for $300,000.Half of this merchandise remained in S's December 31, 2013 inventory.During 2014, P sold merchandise that cost $375,000 to S for $468,000.Forty percent of this merchandise inventory remained in S's December 31, 2014 inventory.Selected income statement information for the two affiliates for the year 2014 is as follows:   -Consolidated sales revenue for P and Subsidiary for 2014 are: A) $2,907,000. B) $3,000,000. C) $3,205,500. D) $3,375,000.
-Consolidated sales revenue for P and Subsidiary for 2014 are:


Definitions:

Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells.

Job Demands-Resources Model

A framework in organizational psychology that assesses how job demands and resources affect employee stress and motivation.

Work Engagement

The level of an employee's emotional and cognitive connection with their job, characterized by vigor, dedication, and absorption.

Burnout

A state of physical, emotional, and mental exhaustion caused by prolonged stress, leading to decreased effectiveness at work.

Related Questions