For Consolidation Purposes, What Amount Would Be Debited to January

question 41

Multiple Choice

For consolidation purposes, what amount would be debited to January 1 retained earnings for the 2019 consolidation worksheet entry with regard to the unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2018 intra-entity transfer of merchandise?

• A) $3,000.
• B) $2,400.
• C) $1,000.
• D) $ 800.
• E) $ 900.

---

Definitions:

U.S. Army

A branch of the United States Armed Forces responsible for land-based military operations.

Control Orientation

An individual's inclination towards exercising control or influence over their environment and situations.

Focus of Attention

Refers to the specific interests or activities that an individual or organization prioritizes and concentrates on.

Organizational Culture

The shared values, beliefs, norms, and practices that characterise an organisation, influencing its members' behavior and contributing to the unique social and psychological environment of the organization.