Use the Following Information for Questions 22 & 23

question 26

Multiple Choice

Use the following information for Questions 22 & 23:
P Company regularly sells merchandise to its 80%-owned subsidiary, S Corporation.In 2013, P sold merchandise that cost $192,000 to S for $240,000.Half of this merchandise remained in S's December 31, 2013 inventory.During 2014, P sold merchandise that cost $300,000 to S for $375,000.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)$2,325,000.
• B)$2,400,000.
• C)$2,565,000.
• D)$2,700,000.

---

Definitions:

Dimmer Switch

An electrical device used to vary the brightness of lights, allowing for adjustable lighting levels.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, 5th Edition, a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.

Schizoid Personality Disorder

A personality disorder characterized by a persistent avoidance of social relationships and limited emotional expression.

Paranoid Personality Disorder

A personality disorder marked by a pattern of extreme distrust and suspiciousness of others.