Included in the Amounts for Pot's Sales Were Pot's Sales

question 114

Multiple Choice

Included in the amounts for Pot's sales were Pot's sales for merchandise to Skillet for $140,000.There were no sales from Skillet to Pot.Intra-entity transfers had the same markup as sales to outsiders.Skillet had resold all of the intra-entity transfers (purchases) from Pot to outside parties during 2018.What are consolidated sales and cost of goods sold for 2018?

• A) $1,400,000 and $952,000.
• B) $1,400,000 and $1,092,000.
• C) $1,540,000 and $952,000.
• D) $1,400,000 and $1,232,000.
• E) $1,540,000 and $1,092,000.

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Definitions:

Medical Model Bias

The tendency to view mental health issues and behaviors solely through the lens of biological factors or illnesses, often overlooking social, psychological, and environmental influences.

Observable Behaviors

Behaviors or responses from a person that are observable and quantifiable.

Psychologically Disordered

Referring to a condition characterized by abnormalities in thought, emotion, or behavior, leading to distress or impaired functioning.

Culture

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.