Blue Ltd Sold Inventory Items (With a Cost of $90

question 20

Multiple Choice

Blue Ltd sold inventory items (with a cost of $90 000) to its subsidiary Maroon Ltd for $120 000.Half of the inventory items were sold by Maroon Ltd to external parties before the financial year end.Ignoring taxes,which of the following statements is correct with respect to this transaction only?

• A) Consolidated sales will decrease by $60 000.
• B) Consolidated sales will decrease by $100 000.
• C) Consolidated profit will decrease by $15 000.
• D) Consolidated profit will decrease by $20 000.

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Definitions:

Positive Individual Traits

Characteristics or attributes possessed by an individual that are deemed desirable or beneficial, contributing to their overall well-being and success.

Mindful Meditation

A meditation practice focusing on being intensely aware of what you're sensing and feeling in the moment, without interpretation or judgment.

Nonjudging

The practice of refraining from passing judgment or criticism, often emphasized in mindfulness and therapeutic settings.

Acceptance

The process of acknowledging and embracing reality, situations, or characteristics without trying to change them.