Companies A,B and C Are All Part of the One

question 45

Multiple Choice

Companies A,B and C are all part of the one economic entity,but are all separate legal entities required to prepare their own financial statements.Company A sold Company B's inventory that cost $56 000 for $78 000.At the end of the same period Company B has three-quarters of that inventory still on hand and the rest has been sold to an entity outside the economic group.At what amount should the inventory remaining in Company B be recorded in Company B's own financial statements?

• A) $42 000
• B) $58 500
• C) $56 000
• D) $14 625

---

Definitions:

Patient Education

Information, instructions, and cautions provided to a patient intended to ensure and advance his or her safety, health, and/or recovery from injury or illness.

Diseases

Medical conditions characterized by an abnormal state affecting the body or mind, often associated with specific symptoms and signs.

Diagnostic Tests

Medical procedures used to identify the presence of a disease or condition from its symptoms.

Health Care Procedures

Clinical activities or interventions performed to diagnose, treat, or manage patients' health conditions.