In the Consolidation Worksheet for 2017, Which of the Following

question 3

Multiple Choice

In the consolidation worksheet for 2017, which of the following accounts would be credited to defer unrecognized intra-entity gross profit with regard to the 2017 intra-entity transfers?

• A) Retained earnings.
• B) Cost of goods sold.
• C) Inventory.
• D) Investment in Strickland Company.
• E) Sales.

---

Definitions:

No Solution

A condition where an equation or system of equations has no possible values that satisfy it.

Absolute Value

The distance of a number from zero on the number line, without considering direction; represented by |x| for a number x.

Rectangle

A quadrilateral with four right angles and opposite sides that are equal in length.

Perimeter

The total distance around the edge of a two-dimensional shape, measured by adding the lengths of all sides.