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.

---

Definitions:

Personal Power

An individual's capacity to influence others based on personal attributes or skills, rather than formal authority.

Detrimental

Causing harm or damage.

Reward Power

The ability to influence the behavior of others by controlling access to desired outcomes or benefits, such as promotions, raises, or recognition.

Subordinates

Individuals who are lower in rank or position in an organization and report to a superior.